The Utility That a Delivery Firm Provides by Delivering New

question 228

Multiple Choice

The utility that a delivery firm provides by delivering new CD releases to music stores in time for the Tuesday release day is

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

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Definitions:

Sugar

A sweet-tasting, soluble carbohydrate found in many plants, widely used as a sweetener in food and beverages.

Import Quota

A restriction by a country on the quantity of a good that can be imported over a given period.

Consumer Surplus

The difference in the amount consumers are prepared to pay versus what they actually pay for goods or services.

Trucks

Large motor vehicles designed for transporting goods by road.