____ Adds Time and Place Utility to a Product by Moving

question 203

Multiple Choice

____ adds time and place utility to a product by moving it from where it is made to where it is purchased and used.

• A) Warehousing
• B) Containerization
• C) Distribution
• D) Materials handling
• E) Transportation

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Definitions:

Foreign Currency Option

A financial derivative that gives the holder the right, but not the obligation, to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date.

Fair Value

The cost at which one could sell an asset or assume a liability in a structured exchange with market participants on the valuation date.