Marketing Provides All of the Following Types of Utility to Customers

question 37

Multiple Choice

Marketing provides all of the following types of utility to customers EXCEPT:

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

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Definitions:

Leader-Member Exchange

A theory that focuses on the relationship between leaders and their subordinates, proposing that the quality of these relationships affects outcomes like performance and satisfaction.

Mutual Trust

A psychological state comprising the intention to accept vulnerability based on positive expectations of the intentions or behavior of another.

Respect

A feeling of deep admiration for someone or something elicited by their abilities, qualities, or achievements.

Power Distance

A cultural dimension that describes the extent to which individuals within a society accept and expect power to be distributed unequally.