Question

A product ________ is 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 group, are distributed through the same outlets, or fall within a given price range.

Answer 1

Answer:

product line.

Explanation:

This question refers to a product line, as many companies develop product lines as a marketing strategy to satisfy the need for a larger share of consumers, which generates more sales for the company and attracts a larger audience. When developed based on well-defined and targeted strategies, a product line also helps to reduce costs, strengthen the portfolio, fix the brand in the minds of consumers, retain customers, etc.

Answer 2

Answer: A product Line

Explanation:

A product line is a group of related products and services sold by buisness enterprise or companies which is marketed under the same a brand name to satisfy a class of needs.

Companies use this as a market strategy by adding to existing product line different options of a particular product or service in under their brand because they know that once they have gotten trust from Thier consumers, such consumers would be willing and ready to buy from Thier brand based on past experiences.