The Utility Created by Transferring Ownership of a Product to a Buyer

question 38

Multiple Choice

The utility created by transferring ownership of a product to a buyer is called ____ utility.

• A) form
• B) place
• C) time
• D) possession
• E) ownership

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Definitions:

Worker Bees

Female bees that are not queens and are responsible for gathering food, caring for the queen and larvae, and maintaining and protecting the hive.

Conformity

The process by which individuals adjust their behaviors, beliefs, or attitudes to align with the norms of a group or society.

Pluralistic Ignorance

A psychological state where a majority of group members privately reject a norm, but assume incorrectly that most others accept it.

New Bar

a recently established establishment that serves alcoholic beverages and often other types of drinks and sometimes food.