Final answer:
Product features are sets of attributes that can be applied to different product lines but not product types.
Step-by-step explanation:
True or False: Product Features are sets of attributes that can be applied to different product lines but not product types.
The statement is True. Product features are specific characteristics or qualities that a product possesses. These features can be used to differentiate products within a product line, but not across different product types.
For example, let's consider a smartphone company that offers multiple product lines such as high-end smartphones, mid-range smartphones, and budget smartphones. The company may have different product features for each product line to cater to the specific needs and preferences of different customer segments. However, these product features cannot be applied to completely different product types like laptops or cameras.