The Value of Making a Product Available When It Is

question 6

Multiple Choice

The value of making a product available when it is needed is referred to as ______.

• A) form utility
• B) time utility
• C) place utility
• D) possession utility

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Definitions:

Prenatal Care

Medical and healthcare provided to a pregnant woman before birth to ensure the health of both mother and baby.

Postnatal Care

Care given to the mother and her newborn baby immediately after the birth and for the first six weeks of life.

Direct Labor

The total cost of all the labor force directly involved in manufacturing a product or delivering a service.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period, illustrating financial performance.