Customers Want to Purchase Products with Minimum of Risk and Shopping

question 3

Multiple Choice

Customers want to purchase products with minimum of risk and shopping time.This is referred to as _____ utility.

• A)possession
• B)place
• C)time
• D)duration

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Definitions:

Crystallized Intelligence

A form of intelligence that involves the ability to use learned knowledge and experience.

Fluid Intelligence

The capacity to reason quickly and think abstractly, enabling problem-solving and learning independently of previous specific knowledge.

Hierarchical Model

A framework or model that organizes elements of a theory or concept into levels of subordination or rank, often used to describe systems, organizations, or relationships within data.

Hierarchical Model

A way of organizing objects, ideas, or information in a structure where items are ranked according to levels of importance or authority.