Richardsons Stocks Cheese, Exotic Wine, and Fancy Chocolates

question 104

Multiple Choice

Richardsons stocks cheese, exotic wine, and fancy chocolates.Recently, Richardsons also started selling orchids and perfume.How has Richardsons changed its product mix?

• A)It has changed the number of stock keeping units.
• B)It has added new product lines to increase product mix breadth.
• C)It has deleted product lines to decrease product mix breadth.
• D)It has changed the product category.
• E)It has changed the brand orientation.

---

Definitions:

National Debt

The total amount of money that a country's government has borrowed, through various means, and has yet to repay.

Recognition Lag

Recognition Lag is the time it takes for policymakers to identify an economic problem.

Fiscal Policy

Government policies related to taxation and spending to influence the economy, including measures to adjust the level of aggregate demand in the pursuit of economic objectives.

Vice-President

An official or executive ranking below the president of a country or a company, often with delegated duties or powers and serving as a successor in case the president cannot serve.