The Most Likely Type of Utility That's Provided by Convenience

question 174

Multiple Choice

The most likely type of utility that's provided by convenience stores is:

• A)form.
• B)place.
• C)information.
• D)service.

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Definitions:

Export Producers

businesses or individuals that produce goods or services for sale in foreign markets outside their own country.

Exports

Goods or services sent from one country to another for the purpose of trade.

Purchasing Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" approach, suggesting that exchange rates should adjust to equalize the price of identical goods in different countries.

Price Level

An overall average price for varied goods and services produced within the economic system.