Product Mix ________ Refers to the Total Number of Items

question 87

Multiple Choice

Product mix ________ refers to the total number of items a company carries within its product lines.

• A) length
• B) depth
• C) height
• D) width
• E) perimeter

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Definitions:

Agency

A relationship between two parties in which one party, the agent, is authorized to act on behalf of another party, the principal, in business transactions.

Agreement

One of the four elements necessary for a contract; consists of an offer made by one party, the offeror, and the acceptance of the offer by another party, the offeree.

Agent

Describes a person or entity authorized to act on behalf of another, known as the principal, in dealings with third parties.

Principal

In a contractual or fiduciary relationship, the principal is the party who authorizes an agent to act on their behalf.