A General Benefit Shows How a Feature Can Be Helpful

question 14

True/False

A general benefit shows how a feature can be helpful to a buyer,but it does not relate to a specific need expressed by the buyer.

---

Definitions:

Long-run Supply Function

A relationship showing the quantity of goods that will be supplied over a longer period when all inputs can be varied.

Rental Apartments

Housing units that are available for rent, typically within a larger building or complex, offering living accommodation to tenants.

Equilibrium Price

The price at which the quantity of a good or service supplied equals the quantity demanded, resulting in market balance.

Equilibrium

A state in a market or economy where supply equals demand, and there is no incentive for change under current conditions.