Form Utility Is ­­­­________

question 16

Multiple Choice

Form utility is ­­­­________.

• A)Marketing's task in creating an offering that has value
• B)Production's task in creating an offering that has value
• C)The firm's task in deciding where to distribute the product
• D)Both marketing's task in creating an offering that has value and production's task in creating an offering that has value
• E)Both marketing's task in creating an offering that has value and the firm's task in deciding where to distribute the product

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Definitions:

Tariffs

Taxes on imported goods and services, imposed to raise revenue and/or protect domestic industries from foreign competition.

Import Quotas

Government-imposed limits on the volume of specific goods that can be imported, aimed at protecting domestic producers by controlling market supply.

Globalization

The integration of national economies into a worldwide economy.

American Consumer

An individual in the United States who purchases goods and services for personal use.