A Product Line Is a Group of Product or Service

question 12

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,__________,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:

Sales Revenues

The income received by a company from its sales of goods or the provision of services.

Capital Cost Allowance

Capital cost allowance is a tax deduction available in Canada for depreciable property, allowing businesses to write off the cost of assets over a period of time.

Cash Operating Costs

Expenses related directly to the operations of a business, excluding financing costs.

Tax Rate

The percentage at which an individual or corporation is taxed, which can vary based on income levels, jurisdictions, and other factors.