Match the Term with Its Definition

question 68

Multiple Choice

Match the term with its definition.
-The collection of a firm's total product lines

• A)channel of distribution
• B)copyright
• C)patent
• D)product
• E)product item
• F)product life cycle
• G)product line
• H)product mix
• I)product mix consistency
• J)product strategy
• K)sustainable competitive advantage

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Definitions:

Goods And Services

The products and activities that satisfy human wants and needs, with goods being tangible objects and services being intangible actions or experiences.

Deflation

The general decline in prices in an economy.

Consumer Price Index

An index that measures the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, indicating the level of inflation or deflation in an economy.

Specific Set

A clearly defined and identified collection of elements or members.