When a Company Produces Products When Consumers Want Them,it Creates

question 70

Multiple Choice

When a company produces products when consumers want them,it creates which type of utility?

• A) Ownership
• B) Time
• C) Form
• D) Place
• E) Value

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Definitions:

Bureaucracy

An organizational system characterized by standardized procedures, hierarchical division of labor, and emphasis on formal written documentation.

Interpersonal Interactions

The exchanges and communications between people, which can be verbal or non-verbal, and influence relationships and social dynamics.

Work Hours

The period of time during a day, week, or other defined period that is designated for professional activities or employment.

Group Memberships

The state or fact of being a member of a social group, which influences identity, beliefs, and behavior through social connections.