Examlex
A school board has determined that there should be 3 teachers for every 50 students. How many teachers are needed for an enrollment of 2,650 students?
Traditional Marketplace
A physical market location where goods and services are exchanged between buyers and sellers in a conventional manner.
Virtual Mall
An online marketplace that mimics a traditional shopping mall, allowing users to browse and shop from multiple retailers in a single digital space.
Time Utility
The enhancement of a product's or service's value by making it available at a time that is convenient or desirable for consumers.
Place Utility
The value added to products by having them in a location where they are accessible to potential buyers.
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