Which of the Following Is True of Units of Utility

question 146

Multiple Choice

Which of the following is true of units of utility?

• A)They evaluate the purchasing power of consumers.
• B)They cannot be compared across consumers.
• C)They apply to goods but not to services.
• D)They do not exist for very wealthy individuals.
• E)They are negative for inferior goods.

---

Definitions:

Brick-And-Mortar

Traditional physical retail stores as opposed to online or virtual stores.

Marketing Mix

The Marketing Mix is a framework that consists of the 4Ps: Product, Price, Place, and Promotion, used by businesses to market their products effectively.