Which of the Following Is an Example of Time Utility

question 174

Multiple Choice

Which of the following is an example of time utility?

• A)an iPhone with a "multitouch" user interface for easy navigation
• B)Goodwill that has a 24-hour drop off box for clothing donations
• C)a dry cleaners that is located inside a supermarket
• D)a mobile phone company that offers six-month financing,same as cash
• E)a new herbal supplement that offers a 30-day free trial

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Definitions:

Economic Efficiency

A measure of how well resources are allocated to maximize the production of goods and services.

Income Distribution

The way in which total income is divided among the population or different groups within society.

Redistributing Income

The process of adjusting the distribution of income within a society, typically through taxation and government spending.

Consumer Satisfaction

A measure of how products and services supplied by a company meet or surpass customer expectation.