The Ability of a Good or Service to Satisfy a Need

question 100

Multiple Choice

The ability of a good or service to satisfy a need is considered to be its

• A) benefit.
• B) utility.
• C) value.
• D) market.
• E) sociocultural environment.

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Definitions:

Conscientious

Refers to a personality trait characterized by being diligent, careful, thorough, organized, and responsible in one's work or personal affairs.

Employees

Individuals who are hired by a business or organization to perform specific duties in exchange for compensation.

Contrasted

Highlighting the differences or distinctions between two or more items or concepts.

Power Differentials

The varying levels of influence or control between individuals or groups within a given context, often affecting interactions and outcomes.