Four Utilities Offered to Consumers Through Retailing Are

question 181

Multiple Choice

four utilities offered to consumers through retailing are

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

---

Definitions:

Obligor's Performance

The execution of duties or fulfillment of obligations by the party (obligor) that is bound by a contractual agreement to provide a service, payment, or benefit to another party.

Life Insurance

A contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.

Proceeds

The amount of money or assets received from a transaction, sale, or event.

Beneficiary

An individual or entity entitled to benefits or proceeds from an insurance policy, trust, will, or other contracts.