151 Product Line Refers to

question 315

Multiple Choice

151 Product line refers to

• A)a product and all complementary counterparts of that product that are used to create the greatest customer value.
• B)all products and product substitutions within an industry specified by a unique SIC code.
• C)the total number of units produced and sold by a single manufacturer.
• D)a group of products that are closely related because they satisfy a class of needs, are used together, are sold to the same customer group, are distributed through the same types of outlets, or fall within a given price range.
• E)a product, all its predecessors, and future models of that product, created from the same basic prototype.

---

Definitions:

Break-Even

The point at which total revenues equal total costs, resulting in no profit or loss.

Sales Dollars

Revenue generated from the sale of goods and services, expressed in monetary units.

Break-Even

The point at which total costs and total sales are equal, resulting in no net loss or gain.

Common Fixed Expenses

Expenses that do not change with the level of production or sales over a certain period and are shared among different segments or products of a business.