The Quality of a Product That Satisfies a Human Need

question 272

Short Answer

The quality of a product that satisfies a human need during its consumption is known as
ownership utility.
place utility.
need utility.
form utility.
time utility.

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Definitions:

Exporting

Conducting transactions involving the sale of items or services from one country to customers located in another nation.

Direct Investment

Acquiring a majority ownership stake in a foreign company by an entity from another nation, representing an investment.

Joint Venture

A commercial enterprise undertaken jointly by two or more parties that otherwise retain their distinct identities, sharing the investment, risks, profits, and losses.

Marketing Control

A method used to evaluate the effectiveness of marketing strategies and ensure that marketing objectives are being met.