Marketing Channels Create Three Types of Utility for Consumers Including

question 38

Multiple Choice

Marketing channels create three types of utility for consumers including

• A)place,time,and possession.
• B)location,availability,and suitability.
• C)time,location,and promotion.
• D)retailer,wholesaler,and producer.
• E)position,possession,and place.

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Definitions:

General

Refers to something that applies broadly or commonly, without being restricted to specifics or details.

Reason Abstractly

The capacity to contemplate concepts, principles, and entities that are not tangible or visible.

Information Processing

The way individuals encode, store, and retrieve information, drawing similarities between the mind's functioning and computer operations.

Scan

To look over or examine carefully and systematically, often to obtain specific information.