Final Answer:
A group of products that are closely related because they function in a similar manner, are sold to the same customer groups, are marketed through the same types of outlets, or fall within given price ranges are called a(n) product line. so the correct option is D. product line.
Step-by-step explanation:
Product Line: The correct term for a group of products with similar functions, target customers, marketing channels, or price ranges is a product line. This aligns with the concept of a set of related products that meet specific market needs. The term for a collection of products closely related in function, target customers, marketing, or price range is a product line.
A product line refers to a group of related products or services offered by a company, sharing common characteristics and serving similar customer needs. The products within a product line typically share common features, attributes, or qualities. This similarity helps create a coherent and consistent identity for the products, making it easier for customers to understand and associate with the brand. so the correct option is D. product line.
A product line is designed to cater to the needs of a specific market segment or customer base. By offering a range of related products, a company can address various requirements of its target audience, providing them with choices that align with their preferences.