Which Utility Is Created by Making a Good or Service

question 93

Multiple Choice

Which utility is created by making a good or service available when customers want and need to purchase it?

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

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Definitions:

Fixed Overhead

Regular, fixed business costs that do not fluctuate with changes in production level or sales volume, such as rent or salaries.

Incremental Income

Additional income generated as a result of a particular business decision or action.

Direct Costs

Expenses that can be directly linked to the production or sale of a specific product or service.

Indirect Costs

Expenses that are not directly attributable to a specific project, product, or activity but are necessary for the general operation of a business, such as utilities or administrative salaries.