The Number of Product Lines That Are Offered by a Firm

question 52

Multiple Choice

The number of product lines that are offered by a firm is its _____ mix.

• A) product
• B) clustering
• C) assortment
• D) marketing

---

Definitions:

Direct Materials

Raw materials that can be directly traced to the production of a specific product.

Direct Labor

The wages and other costs for workers who are directly involved in the production of goods or the delivery of services.

Indirect Materials

Materials used in the production process but not directly traceable to a finished product, often considered part of manufacturing overhead.

Work In Process Inventory

Goods partially completed in the manufacturing process; they are not yet finished products but have moved beyond the raw materials stage.