Consumers Receive the Benefits of Place Utility When

question 214

Multiple Choice

Consumers receive the benefits of place utility when

• A) they have to travel excessively to obtain products they want.
• B) retailers remain open 24 hours a day.
• C) they can stock up on products they need but not use them right away.
• D) they make purchases with credit and debit cards.
• E) products are available in locations where consumers want to buy them.

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Definitions:

Inference Forms

The structures or patterns of logical reasoning where conclusions are drawn from premises based on rules of logical thinking.

Conj

A shortened form for "conjunction," representing words that function to connect words, phrases, clauses, or sentences.

MP

Often stands for "Member of Parliament", an individual elected to serve in the legislative body of a country. Alternatively, in logical reasoning, it stands for "Modus Ponens", a form of argument where from premises in the form "If P then Q" and "P", one infers "Q".

Inference Forms

Structures of reasoning or argumentation where certain premises logically lead to a conclusion.