The Value to Consumers That Comes from Having the Offering

question 52

Multiple Choice

The value to consumers that comes from having the offering available when they need it constitutes __________ utility.

• A) place
• B) possession
• C) market
• D) time
• E) form

Recognize different stress response models and theories including the general adaptation syndrome.

Identify and differentiate between types of stressors and their effects on health.

Describe symptoms, causes, and treatments of major stress-related disorders such as PTSD and depression.

Explain the role of personality types in stress perception and management.

---

Definitions:

Market Demand

The total demand for a product or service across all consumers in a market at a given price level and time.

Equilibrium Level

A condition in which the supply and demand in the market are equal, leading to stable prices.

Deadweight Loss

Deadweight loss is the loss of economic efficiency that occurs when the equilibrium outcome is not achievable or not achieved in a market.

Price Floor

A minimum price set by the government for certain goods and services, below which they cannot be sold, aimed at protecting producers.