Which of the Following Statements Is an Example of Place

question 114

Multiple Choice

Which of the following statements is an example of place utility?

• A)airlines that allow you to print your own boarding pass at home
• B)a service station that adds a diesel fuel pump to its three unleaded gasoline pumps
• C)a mobile phone company that offers six-month financing,same as cash
• D)cold cut packages that can be zipped close for reuse
• E)an iPhone with a "multitouch" user interface for easy navigation

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Definitions:

Inflation Rate

The percentage increase in the general level of prices for goods and services over a specific period, typically measured annually.

Money Supply

The complete sum of financial resources present within an economy at a given moment.

Growth Rate

The rate at which a country's economy or a specific industry or company's revenue increases over a specific time period.

Aggregate Demand

The total demand for all goods and services within an economy at a particular time and price level.