The Four Utilities Offered to Consumers Through Retailing Are

question 252

Multiple Choice

The four utilities offered to consumers through retailing are

• A)time, place, form, and possession.
• B)product, price, place, and promotion.
• C)form, possession, time, and performance.
• D)convenience, consistency, competition, and choice.
• E)convenience, performance, possession, and form.

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Definitions:

Sales Collection

The process of receiving payments from customers for goods or services sold.

Production Budget

A detailed plan that outlines the quantity of each product a company intends to produce during a specific period, based on its sales forecast and inventory policies.

Beginning Inventory

The value of goods available for sale or use at the start of an accounting period.

Budgeted Sales

Forecasted sales revenue a company expects to earn in a specific period, based on historical data, market analysis, and economic trends.