Product Line Is a Group of Product or Service Items

question 274

Multiple Choice

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,__________,or fall within a given price range.

• A) are made of similar components
• B) made from the same formulations
• C) require high levels of R&D
• D) have one SKU number
• E) are distributed through the same type of outlets

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Definitions:

Lead Time

The amount of time that elapses between the initiation of a process and its completion. In supply chain management, it often refers to the time from placing an order to its delivery.

Ordering

The process of requesting and procuring goods or services from suppliers or vendors.

Received

The act of accepting or obtaining something that has been sent or given.

Two-Way Link

A reciprocal relationship or connection, where both parties can send and receive information or influence each other.