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:

Land

A natural resource not man-made, referring to the earth's surface extending downward to the center of the earth and upward to infinity, including permanently attached natural objects.

Purchase Price

The amount of money that is paid to acquire a good, service, or asset.

New Business Site

The location chosen for establishing a new branch, office, or manufacturing facility of a company.

Patent

A legal right granted by the government to an inventor, giving the holder exclusive rights to use, make, or sell the invention for a certain period.