PRODUCT MIX Definition

Bookmark and Share

PRODUCT MIX involves planning and developing the right type of product that will satisfy fully the needs of customers. A product has several dimensions. These dimensions are collectively called product mix. Product mix for example may consist of size and weight of the product, volume of output, product quality, product design, product range, brand name, package, product testing, warranties and after sales services and the like.

Learn new Accounting Terms

FREDDIE MAC see FEDERAL HOME LOAN MORTGAGE ASSOCIATION.

CREDIT SALES are merchandise or services sold on the promise to pay later.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.