Which of the Following Statements Is True of Ownership Utility

question 37

Multiple Choice

Which of the following statements is true of ownership utility?

• A) It boosts customer satisfaction by providing helpful information.
• B) It satisfies customer needs by providing the right products in the right place.
• C) It adds value by making products available at a convenient time for consumers.
• D) It adds value by making it easier for customers to possess the goods that they purchase.

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Definitions:

External Supply

Resources or materials provided by third-party companies or suppliers outside the organization.

Labour Supply

The total hours that workers are willing and able to work at a given level of compensation, in a specific labor market.

Redeployment

The process of moving employees from one area of the business to another to match the company's workforce with its operational needs.

External Supply

Refers to the availability of resources or inputs, such as labor or materials, from outside an organization that are essential for its operations.