A product line is a group of products that are closely related because the:
A. products share the same product managers
B. products all function in a similar manner and provide similar benefits
C. same company developed the idea for each product
D. products are all sold under the same brand name
E. products are all priced about the same
Answer: B
You might also like to view...
When is the best time to schedule an interview?
a. on a Monday morning since everyone is fresh for the week b. after 5:00 p.m. when everyone is finished working for the day c. on a Friday afternoon since the work week is almost over d. during the middle of the week either late morning or early afternoon
For good controls over cash payments, the company officer approving a payment voucher should be the same as the person who ordered the goods, to ensure that the correct amount of cash is paid
Indicate whether the statement is true or false
A company's cost of goods sold was $15,500 and its average merchandise inventory was $4,500. Its inventory turnover equals 3.4.
Answer the following statement true (T) or false (F)
Analysis of a firm's external and internal environments provides the firm with the information to develop
a. a degree of uncertainty. b. administrative experience. c. competitive strengths. d. strategic intent and strategic mission.