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:

Foreknowledge

Prior knowledge or awareness of an event or situation before it happens, often based on experience or intuition.

Upcoming Promotions

Planned marketing activities or sales incentives that are scheduled to take place in the near future to boost demand or awareness for a product or service.

Exploratory Study

A form of research conducted to gain insight and understanding about an issue or topic without specific expectations or hypotheses.

Type Research Method

A categorization of research methods into different types or approaches, such as qualitative, quantitative, or mixed methods.