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Q.What is a product mix?

ChseodishaCHSE Odisha Plus Two (Class 12) Commerce Board 2023Subjective· 3mImportance★★★★★
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Product mix is the entire assortment of product lines and items a company sells.

The product mix (also called product assortment) is the complete list of all the products and product lines a firm offers to its customers. It has four dimensions:

  • Width — the number of different product lines the firm carries;
  • Length — the total number of items across all lines;
  • Depth — the number of variants (sizes, flavours, models) of each product in a line;
  • Consistency — how closely related the product lines are in use, production or distribution. …

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