Maybe their function or channel distribution are the same or similar. Read how product lines help a business grow. A product line is a group of products that a company creates under a single brand. Product Line Suffix. The product fits the overall Ninja Tech product line of spy gear, computers, tablets, phones, etc. For example, when a company creates a group of products that deal with hygiene, such as shaving cream, soap and shampoo, this is known as a product line. Eliminating existing products items from an established product line due to being obsolete, declining sales, and new product line direction. A narrow product class covers a specific set of products used for a function. The products in the same class have similar features and functions and are catered to the same demographic consumer. • Product Mix: – The total assortment of products and services marketed by a firm. For example, within the Intel® Core™ processor series, U indicates a processor that has been designed for … These remaining differences are indicated by a letter-based product line suffix. The product class can be either narrow or broad. Add an existing product or service to a category. A product line in business is a group of related products under the same brand name manufactured by a company. more. • Product Line: – A group of individual products that are closely related in some way. • Individual Product: – Any brand or variant of a brand in a product line. Product line – a product line consists of the entire group of products included in a class of products and these products are related because they perform a comparable function, are purchased by the same group of customers or fall within a certain price range. The SKU suffix is another key indicator of the processor’s capabilities. Product class can be broad or narrow. Product mix width. In many cases, a product line is mistaken for a product mix, or people find it challenging to see the difference between them. A product class is a group of similar products which can somewhat substitute each other. Categorize the products and services you sell Add a new product or service to a category. • Individual Product: – Any brand or variant of a brand in a product line… You can select a category when you add a new inventory product, service, or non-inventory product. For instance, portable wire-less PC is one product line. the number of product lines an organization offers. Perhaps their physical attributes, prices, quality, or type of customers are the same. Product type: If you have … A product line is a range of similar products or services introduced and sold by the same company to make it clear. The line of products typically shares the same logo, brand and color scheme. For example, a narrow product class for cleansing products can be soaps, shower gels, shampoos, conditioners etc. A product line is a group of products that are closely related and are promoted together. The products are similar and focus on the same market sector. Here the core need addressed is the washing of your body, which all the above mentioned products do. Diversifies risk and capitalizes on established reputations. 4. Product line: A group of products within a product class that are closely related because they perform a similar function, are sold to the same customer groups, are marketed through the same channels or fall within given price range. Product line vs product mix. Chapter 10 Notes from textbook and class. 5. Terms in this set (60) Product. https://adept-plm.com/products-and-product-lines-the-difference-matters To a category a letter-based product class vs product line line creates under a single brand prices quality! 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