The Four Utilities Offered to Consumers Through Retailing Are

question 210

Multiple Choice

The four utilities offered to consumers through retailing are

• A) convenience, performance, possession, and form.
• B) time, place, possession, and form.
• C) product, price, place, and promotion.
• D) people, productivity, process, and physical environment.
• E) convenience, consistency, competition, and choice.

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Definitions:

Net Operating Income

A measure of a company's profitability, calculated as gross revenue minus operating expenses, not including taxes and interest.

Break-even

The point at which total costs equal total revenues, resulting in no net loss or gain for the business.

Monthly Unit Sales

The number of units of a product sold in a particular month.

Break-even Point

The financial state in which total revenues equal total expenses, and there is no profit or loss.