Value to Consumers That Comes from the Production or Alteration

question 67

Multiple Choice

value to consumers that comes from the production or alteration of a product or service constitutes __________ utility.

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

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Definitions:

Life

The existence of an individual human being or animal characterized by growth, reproduction, functional activity, and continual change preceding death.

Promotion

The advancement of an employee's rank or position in an organizational hierarchy, typically accompanied by increased responsibilities and benefits.

Syllabus

A document that outlines the structure, content, rules, and objectives of an academic course, provided at the beginning of the term by the instructor.

Potential Employees

Individuals who possess the qualifications or capabilities to be considered for employment within an organization but have not yet been hired.