Which Service Output Increases Consumer Satisfaction by Lowering Transportation Requirements

question 5

Multiple Choice

Which service output increases consumer satisfaction by lowering transportation requirements and search costs?

• A) information sharing
• B) spatial convenience
• C) customer service
• D) delivery time
• E) bulk breaking

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Definitions:

Vertical Axis

In graphing, the y-axis, which typically represents the dependent variable or the quantity being measured.

Utility Function

A mathematical representation that shows the relationship between an individual's consumption bundle and the level of satisfaction or utility derived from it.

Indifference Curves

Indifference curves are graphical representations used in microeconomics to demonstrate a consumer's preferences for various combinations of two goods, keeping satisfaction constant.

Horizontal Axis

A reference line on a graph or chart running left to right, typically used to represent the independent variable or basis of comparison.