When Marketing Intermediaries Perform the Steps Necessary to Transfer Ownership

question 227

Multiple Choice

When marketing intermediaries perform the steps necessary to transfer ownership from one party to another, they are providing ________ utility.

• A) marginal
• B) title
• C) possession
• D) registration

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Definitions:

Say's Law

A principle that asserts that supply creates its own demand, meaning production of goods will naturally lead to their consumption.

Income

Funds acquired frequently, either from performing work or via investment profits.

Production

The method of producing goods and services by mixing labor, materials, and technology.

Savings

Money set aside from current income for future use, often to accumulate wealth or for specific future expenditures.