A Product Line Refers to

question 279

Multiple Choice

A 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:

Proportion

A part, share, or number considered in comparative relation to a whole.

Proportion

Refers to the ratio of a part or portion of the total count, quantity, or amount in a given context.

Freshmen

Students in their first year of study at a high school or university.

Standard Error

A statistical measure that shows the precision of a sample's mean estimate of a population mean.