Which of the Following Is TRUE of Utility

question 16

Multiple Choice

Which of the following is TRUE of utility?

• A) The three utilities-form, price, and ownership-are created by marketing.
• B) Utility is defined as a ratio of benefits to costs, as viewed from the eyes of the beholder.
• C) Form utility is created when products are available to customers at a convenient location.
• D) The four major kinds of utility are form, time, place, and ownership.
• E) Place utility is created when the firm converts raw materials into finished products that are desired by the market.

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Definitions:

Bone Density

The measurement of the amount of mineral matter per square centimeter of bones, used as an indicator of strength and risk for osteoporosis.

Deep Sleep Disorders

A category of sleep disorders that affect the ability to achieve or maintain deep, restorative sleep stages.

Sleep Terrors

Frightening, dream-like experiences that occur during the deepest stage of NREM sleep; nightmares, in contrast, occur during REM sleep.

Sleepwalking

A sleep disorder causing people to get up and walk around or perform other complex behaviors while in a state of sleep.