To Marketers, the Term Utility Refers to the Value Added

question 280

True/False

To marketers, the term utility refers to the value added to goods or services by organizations when they make the product more useful or accessible to consumers.

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Definitions:

Environmental Conditions

External factors that affect living organisms, including natural elements like climate and human-made changes.

Genes

Units of heredity made up of DNA that carry information for the development, functioning, and reproduction of organisms.

Active

Engaged in movement or participation; not passive.

Inactive

Not engaging in physical activity or not currently in operation.