The Value to Consumers That Comes from Having the Offering

question 52

Multiple Choice

The value to consumers that comes from having the offering available when they need it constitutes __________ utility.

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

---

Definitions:

Generalization

The process of applying findings from a sample to a larger population, assuming the sample is representative.

Validation

The process of verifying that a product, service, or system meets requirements and specifications and fulfills its intended purpose.

Control

In experimental research, the process of holding factors constant to isolate the effect of the independent variable on the dependent variable.

Epistemologies

The study or theory of the nature, sources, and limits of knowledge, reflecting on how we know what we know.