Utility Refers to The

question 24

Multiple Choice

Utility refers to the:

• A) relationship of demand to the supply of a product.
• B) satisfaction a consumer experiences after a good or service is purchased.
• C) satisfaction a consumer expects to receive from a good or service.
• D) ability of a good or a service to have value in the marketplace.
• E) usefulness of the product consumed.

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Definitions:

Defect Rate

The frequency at which errors or imperfections occur in a product, process, or service, typically expressed as a proportion of the total output.

Feedback Source

The origin, either a person or system, from which feedback is received.

Counseling Objective

Refers to the goals set within a therapeutic context aiming to guide the client towards resolution or improvement of their issues.

Positive Work Outcomes

The beneficial results generated from professional activities, including increased productivity, higher employee satisfaction, and improved company culture.