Question

Group of products that are closely related is called as

Answer 1

Group of products that are closely related is called a product line.

Explanation:

• A product line consists of a group of products that are closely related as they have the same functions and they are almost similar.  

• They are sold to the same lot of customers since they ‘function in a similar manner’.  

• They are normally even marketed from the same outlets or retail stores and have the ‘same price ranges’.  

• These are normally sold individually and they consist of products that are of the same size, colour, quantity, and even their pricing is almost similar.

Learn more about product line

A product line strategy where is company adds a lower priced product to a line to reach a market the cannot afgord higher priced items is called

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The terms product item and product line in the context of product mix why and how product mix is changed

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Answer 2

A product line is a group of products that are closely related is called a

Explanation:

• A product line is a collection of products that are closely associated with each other as they work in a similar manner and are sold to the same customer groups.  

• As they fall within the same line of products with the same line of prices. They are all marketed under a similar brand and sold by the same company.  

• The companies often expand their offering by adding to the existing product lines as they are more likely to buy the products they know.

Learn more about the group of products that are closely related is called as.

• brainly.in/question/7672232 answered by Gyana143