When a company makes products available conveniently for consumers, based on where they are, which type of utility is created?
A) Time
B) Form
C) Place
D) Possession
E) Leisure
Answer: C
Explanation: C) Production adds customer value by making products available where they are convenient for customers. A fast-food restaurant located in a college union is an example of place utility.
You might also like to view...
Demand creators are not permitted to take an order but expected rather to build goodwill or educate the actual or potential user
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
27. Entrepreneurship as a method is creative, whereas entrepreneurship as a process is predictive. 28. Approaching entrepreneurship as a method is similar to following recipe directions. 29. The Practice of Entrepreneurship emphasizes planning over action. 30. The Practice of Entrepreneurship encourages entrepreneurs to act sooner, even when you don’t know exactly what to do. 31. The practice of entrepreneurship is inclusive (i.e. it includes any organization at any 32. Entrepreneurship is rarely about just money or profit.
The value that investors place on a stock is called its
A) book value. B) investment value. C) liquidation value. D) par value.
The Uniform Franchise Offering Circular has ________ specified items.
A. 18 B. 28 C. 23 D. 15