Final answer:
The term to describe the code is 'tuple unpacking' or 'multiple assignment', which assigns the elements of a tuple to multiple variables in a single line.
Step-by-step explanation:
The term to describe the code count, fruit, price = (2, 'apple', 3.5) is tuple unpacking or multiple assignment. In this statement, a tuple of three elements is being assigned to three different variables. This allows each variable to hold the value corresponding to its position in the tuple, which means count will be 2, fruit will be 'apple', and price will be 3.5.