Future Electronics, a Leading Electronics Retail Chain, Mails User Manuals

question 84

Multiple Choice

Future Electronics, a leading electronics retail chain, mails user manuals to its regular customers.This is an example of _____ utility.

• A)form
• B)time
• C)place
• D)information

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Definitions:

Agricultural Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type, produced through farming activities.

Price Support Program

Governmental policies designed to maintain the price of a commodity at a certain level, to protect producers from market volatility.

Surplus

The amount by which the quantity supplied of a product exceeds the quantity demanded at a specific price.

Price Support Program

Government initiatives aimed at maintaining the market price of a commodity above its competitive equilibrium level.