The Depth of a Product Mix Refers to The

question 72

Multiple Choice

The depth of a product mix refers to the:

• A)average number of products in each product line.
• B)degree of similarity between product lines.
• C)number of product lines handled by the organization.
• D)total number of products or items in the company's product mix.

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Definitions:

Necessity

A good or service that is essential for survival and basic well-being, often implying inelastic demand with respect to price changes.

Price Elastic Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with a higher elasticity indicating a greater response.

Dental Floss

A thin thread used to remove food and dental plaque from between teeth in areas a toothbrush is unable to reach.

Price Elasticity

Refers to the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.