The Utility That Is Created by Moving Goods from Production

question 29

Multiple Choice

The utility that is created by moving goods from production points to market points where demand exists is referred to as _____ utility.

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

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Definitions:

Field Research

The collection of raw data outside of a lab, workspace, or controlled environment, often in its natural setting.

Descriptive

Pertaining to the detailed description of characteristics, behaviors, or phenomena, without attempting to influence or change them.

Experimental

Pertaining to a method of research in science that involves the manipulation of variables to test a hypothesis and observe the effects.

Confidence Interval

A statistical measure that provides, with a specified probability, a range of values within which a population mean is likely to lie.