A Product Line Is a Group of Product or Service

question 320

Multiple Choice

A product line is a group of product or service items that are closely related because they satisfy a class of needs,are used together,are sold to the same customer group,and are distributed through the same type of outlets,or __________.

• A)are made of similar components
• B)fall within a given price range
• C)made from the same formulations
• D)are identical except for price
• E)require high levels of R&D

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Definitions:

Bailed Property

Property given to someone (bailee) for safekeeping under a bailment agreement, where the physical possession but not the ownership of the property is transferred.

Bailee

A person or entity temporarily in possession of property entrusted to them by the owner under a bailment agreement.

Car Wash

A facility or service where vehicles are cleaned and detailed, either manually or through an automated process.

Liability

The state of being legally responsible for something, especially in terms of debts or legal obligations.