All of the Following Utility Statements Are Relevant in Developing

question 54

Multiple Choice

All of the following utility statements are relevant in developing a mission statement except:

• A) Do not offer me shoes. Offer me comfort for my feet and the pleasure of walking.
• B) Do not offer me furniture. Offer me comfort and the quietness of a cozy place.
• C) Do not offer me ideas, emotions, ambience, feelings, and benefits. Offer me things.
• D) Do not offer me books. Offer me hours of pleasure and the benefit of knowledge.
• E) Do not offer me clothes. Offer me attractive looks.

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Definitions:

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a specific time period.

Productivity

Refers to the efficiency of production in terms of units produced per unit of input, such as labor or capital.

Resource

A resource is any physical or virtual entity of limited availability that needs to be consumed to obtain a benefit.

Productivity

The effectiveness in producing outcomes or results; can refer to the rate at which work is completed or the efficiency of resource use.