The Major Product Line Decision Involves Product ________, the Number

question 58

Multiple Choice

The major product line decision involves product ________, the number of items in the product line.

• A) features
• B) line depth
• C) line conformance
• D) line length
• E) packaging

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Definitions:

Opportunity Costs

The price paid by not choosing the second-best option available during decision-making.

Capital Goods

Physical assets such as machinery and buildings used by businesses to produce goods and services over time.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, indicating an improvement in the country's economic health.

Resource Allocation

The process of distributing available resources among various competing needs or uses in order to achieve desired objectives.