When a Company Produces Products When Consumers Want Them,it Creates

question 70

Multiple Choice

When a company produces products when consumers want them,it creates which type of utility?

• A) Ownership
• B) Time
• C) Form
• D) Place
• E) Value

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Definitions:

Cost-benefit Analysis

A systematic approach to estimating the strengths and weaknesses of alternatives used to determine options that provide the best approach to achieve benefits while preserving savings.

Mission

A statement or vision that defines the fundamental purpose or goal of an organization or individual.

Administrative Adjudication

The process by which a governmental or administrative agency resolves disputes or makes decisions in its field of competence, often through hearings.

Administrative State

The body of government agencies and officials that administer policies, regulations, and laws enacted by legislative bodies.