A Product Line Is a Set of Individual Products That

question 395

Multiple Choice

A product line is a set of individual products that are closely related in which of the following ways?

• A)They are sold to the same target market.
• B)They are produced and/or operate in a similar manner.
• C)They are priced at about the same level.
• D)They are sold through the same type of outlets.
• E)All these answers are correct.

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Definitions:

Marketable Securities

Financial instruments that can be easily converted into cash, often used for short-term investments by companies.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations, calculated as current assets divided by current liabilities.

Current Assets

Assets that are expected to be converted into cash, sold or consumed within a year or within the operating cycle of a business, such as cash, marketable securities, inventory, and accounts receivable.

Net Income

The total profit of a company after all expenses, including taxes and operational expenses, have been subtracted from total revenue.