Explain What Is Meant by the Term Utility

question 155

Essay

Explain what is meant by the term utility.What are the three basic kinds of production-based utility?

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Definitions:

Corporate Codes Of Ethics

A set of principles designed to guide decision-making by members of an organization and to handle their business ethically.

Core Values

Fundamental beliefs and guiding principles that dictate behavior and action, helping an organization to determine if they are on the right path.

Highly Desirable

Attributes or features of a product or service that make it particularly appealing and sought-after by consumers.

Ethical Compliance Program

A formal plan within an organization designed to prevent violations of law or company policies, often focusing on moral business practices and legal compliance.