The Four Utilities Offered to Consumers Through Retailing Are

question 210

Multiple Choice

The four utilities offered to consumers through retailing are

• A) convenience, performance, possession, and form.
• B) time, place, possession, and form.
• C) product, price, place, and promotion.
• D) people, productivity, process, and physical environment.
• E) convenience, consistency, competition, and choice.

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Definitions:

EOQ Lot-Sizing

A quantitative model used in inventory management for determining the optimal order quantity that minimizes total inventory costs.

Gross Requirements

The total demand for a product or component before taking into account inventory on hand or any scheduled receipts.

MRP Tables

Material Requirements Planning Tables are tools used in manufacturing to ensure that materials are available for production and products are available for delivery to customers, synchronizing supply with demand.

Bill of Material

A comprehensive list detailing the raw materials, parts, and components, including quantities, required to produce a product.