A Product Line Is a Group of Products That Are

question 52

Multiple Choice

A product line is a group of products that are closely related because they satisfy a class of needs, are used together, __________, are distributed through the same type of outlets, or fall within a given price range.

• A)are made of similar component parts
• B)are sold to the same customer group
• C)require high levels of R & D
• D)always carry the same brand name
• E)are all convenience goods

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Definitions:

Saving

The act of putting money aside, typically in a secure place, for future use or investment.

Domestic Investment

The total capital expenditure on physical assets (like buildings, machinery, and equipment) within a country's borders to produce goods and services.

Net Capital Outflow

The net flow of funds invested abroad by a country, over a specific time period, typically calculated as the difference between domestic savings and investment.

GDP

Gross Domestic Product (GDP) is the total monetary value of all goods and services produced within a country's borders in a specific time period, serving as a broad indicator of economic health.