Redbox Places Vending Machines at Local Convenience and Grocery Stores

question 27

Multiple Choice

Redbox places vending machines at local convenience and grocery stores that allow customers to rent and return popular DVDs 24 hours a day.This creates both ________ and ________ utilities.

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

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Definitions:

Objective

A specific, measurable goal that is designed to achieve a certain outcome within a set timeframe.

Corridor Principle

A theory suggesting that once entrepreneurs embark on a venture, they are likely to encounter unforeseen opportunities and paths that were not visible to them before starting the venture.

Logistics

The management of the flow of goods, information, and other resources between points of origin and consumption to meet customer requirements.

Fast-Growth Start-Ups

Young companies that experience rapid growth in terms of revenue and market size due to innovative products or services.