Carla is not wealthy but attends a school in the wealthy part of her city. She works at a grocery store after school. Other girls at her school carry Gucci bags to school, wear Louis Vuitton clothing, Nikes for sports, and Jimmy Choo shoes for formal events. Carla is not invited to formal events because she cannot afford the designer clothing and accessories her classmates have. She has been invited to the prom but is concerned that she will look and feel out of place. She discusses her predicament with her neighbor, a kindly older woman, who assures her she has nothing to worry about because they can get her the clothes and accessories she needs at no cost or a fraction of the cost. The neighbor takes down her sizes and promises she will meet with her in a week. The next week, the

neighbor calls her and invites her over. In her living room, she has five Louis Vuitton dresses, and a variety of designer shoes, handbags, and accessories and tells her to pick out what she likes and try it on. She picks out a dress and shoes and takes them into the bathroom to try them on. She models them for the neighbor who insists that she take them and accessories she has picked out to go with them. Carla asks how much she owes for them and the neighbor tells her, "$200." Carla pays her and takes the purchases home with her. What type of utility is the focus of this scenario?

A. Possession
B. Time
C. Place
D. Form


Answer: A

Business

You might also like to view...

A court's jurisdiction defines:

a. how many judges may preside b. the amount it may award for damages c. the kind of cases it may hear appeals for d. the geographic area within which it may declare, administer, or apply the law e. none of the other choices are correct

Business

The preliminary version of a prospectus, called a "red herring," may not be released to the public until approved by the SEC

a. True b. False Indicate whether the statement is true or false

Business

What is an ID-Dependent entity? Include an example

What will be an ideal response?

Business

A perpetuity will grow at the rate of 5% per year. One year from the date of purchase, it will pay $50,0000. If the appropriate discount rate is 10%, what is the value of the perpetuity?

A) $1,000,000 B) $500,000 C) $5,000,000 D) $1,050,000

Business