Form Utility Refers to ________

question 29

Multiple Choice

Form utility refers to ________.

• A)a product produced from raw materials that pleases the customer
• B)stocking and displaying products
• C)the means of ordering products
• D)the benefits of practicality when a product can be used with no assembly required

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Definitions:

Installment Accounts Receivable

Refers to the money owed to a company that will be paid back in regular, periodic payments.

Term Loans

Loans from financial institutions that are repaid over a set period of time with scheduled payments.

Personal Guarantees

A commitment by an individual to repay a debt if the original borrower defaults, often required in business loans.

Joint and Severable

A legal term indicating that all parties in a contract are equally responsible for fulfilling the terms of the agreement, and each can be held fully accountable.