A Product Mix Is the Composite or Total Group of Products

question 121

True/False

A product mix is the composite or total group of products that an organization makes available to customers.

---

Definitions:

Property Tax

Taxes levied by local governments based on the assessed value of real estate property owned.

Accounts Receivable

An asset, which is a claim against the customer created by selling merchandise or services on credit.

Credit Sales

Sales made on credit, where the payment from the customer is received at a later date.

Accounts Receivable

Money owed to a business by its clients for goods or services delivered but not yet paid for.