What Type of Utility Does Warehousing Provide to Consumers by Holding

question 9

Multiple Choice

What type of utility does warehousing provide to consumers by holding onto products until consumers need them?

• A) time
• B) possession
• C) production
• D) form
• E) packaging

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Definitions:

Global Commerce

The buying, selling, and exchange of goods and services across international borders, influenced by global economic trends and regulations.

Darden Restaurants

A multi-brand restaurant operator known for its portfolio of distinct dining brands such as Olive Garden and LongHorn Steakhouse.

Red Lobster

A casual dining restaurant chain specializing in seafood dishes, known for its wide variety of options including lobster, shrimp, and fish.

International Joint Ventures

Partnerships formed between companies from different countries to undertake economic activities together, combining resources and expertise across borders.