Which of the Following Statements Is True of Ownership Utility

question 37

Multiple Choice

Which of the following statements is true of ownership utility?

• A) It boosts customer satisfaction by providing helpful information.
• B) It satisfies customer needs by providing the right products in the right place.
• C) It adds value by making products available at a convenient time for consumers.
• D) It adds value by making it easier for customers to possess the goods that they purchase.

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Definitions:

Depreciation Expense

It represents the allocation of the cost of tangible assets over its useful life, reflecting the use and wear and tear of the asset.

Factory Equipment

This term describes the machinery and tools used in a manufacturing process to produce goods.

Overhead Cost

The ongoing expense of operating a business that is not directly attributed to a specific product or service, such as rent and utilities.

Work in Process Subsidiary Ledger

A detailed account that tracks the costs of unfinished goods in the manufacturing process at any given time.