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Q.Answer in one sentence: What is product-mix ?

ChseodishaCHSE Odisha Plus Two (Class 12) Commerce Board 2019Subjective· 1mImportance★★★★★
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Product-mix is the total assortment of all product lines and items a company markets.

Every firm usually sells more than one product. A product line is a group of closely related products (for example, all the soaps a company makes), and the product-mix is the sum of all such lines together with every individual item within them. It is described in terms of width (number of different product lines), length (total number of items), depth (varieties of each item) and consistency (how closely the lines are related). A balanced product-mix l …

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