PRODUCT MIX Definition

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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

NET, in general, is the figure remaining after all relevant deductions have been made from the starting, or gross, amount.

PROGRESSIVE TAX is an income tax system to where the more income that is made the higher the tax percentage that must be paid.

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