The Want-Satisfying Power of a Good or Service Is Called

question 9

Multiple Choice

The want-satisfying power of a good or service is called:

• A) Conversion process.
• B) Utility.
• C) Authority.
• D) Information sharing.

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Definitions:

Reward

Something given in recognition of service, effort, or achievement.

Upward Social Comparison

The process of comparing oneself with others who are perceived to be better off or more successful, which can affect self-esteem and motivation.

Motivates

The actions or processes that stimulate someone to act towards achieving a goal or satisfying a need or desire.

Financial Situation

The current state of an individual's or organization's money management, including assets, liabilities, income, and expenses.