Product Line Refers to

question 211

Multiple Choice

product line refers to

• A) a product and all its ancillary services (warranties, financing, etc.).
• B) the variations within a product class.
• C) a specific product SKU that has a unique brand, size, or price.
• D) 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, are distributed through the same types of outlets, or fall within a given price range.
• E) the entire product category or industry.

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Definitions:

Tort Theory

A framework in legal theory that addresses compensation for wrongs and harms caused by one party to another.

Foreseeable

Something that could reasonably be anticipated or expected to happen.

Non-Economic Damages

Compensation awarded in a lawsuit for losses that do not have a specific dollar value, such as pain and suffering or loss of companionship.

Product Liability

Refers to the legal obligation of sellers or manufacturers to compensate for injury or damage caused by defective or unsafe products.