Place Utility Is Created

question 11

Multiple Choice

Place utility is created

• A)when arrangements for the transfer of title from seller to buyer are made.
• B)when the product is made available to the consumer at a time the consumer wants to buy it.
• C)by having the good or service available at a convenient location when the consumer wants to buy it.
• D)when the business firm converts raw materials into finished products.

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Definitions:

Synapse

The junction between two nerve cells, consisting of a minute gap across which impulses pass by diffusion of a neurotransmitter.

Nerve Impulse

A signal transmitted along a nerve fiber, consisting of a wave of electrical depolarization that reverses the electric potential along the membrane of the nerve cell.

Neighboring Neuron

A neuron that is located adjacent to another neuron, facilitating neural communication.

Split-Brain

A condition resulting from surgery that involves severing the corpus callosum to treat severe epilepsy, leading to separate consciousnesses in the two hemispheres of the brain.