The type of decision that involves deciding whether to introduce a new product line is known as strategic decision. Strategic decisions are considered to be long-term and significant decisions that influence the overall direction of an organization. Deciding whether to introduce a new product line is a strategic decision since it involves assessing the company's current market position, analyzing the competition, evaluating the company's resources, and determining the potential profitability of the new product line.Strategic decisions are made by top-level management, and they affect the company's growth and profitability. These decisions are based on data analysis, market research, and the company's vision and mission. The decision to introduce a new product line is strategic since it involves the company's future growth prospects, and it requires a significant investment of resources and capital. Therefore, it is essential to consider various factors such as market demand, consumer preferences, competition, production costs, and potential profitability before making such a strategic decision.