Which of the Following Statements Is an Example of Place

question 232

Multiple Choice

Which of the following statements is an example of place utility?

• A) airlines that allow you to print your own boarding pass at home
• B) a service station that sells both unleaded gasoline and diesel fuel
• C) a mobile phone company that offers six-month financing, same as cash
• D) cold cut packages that can be zipped close for reuse
• E) an iPhone with a "multitouch" user interface for easy navigation

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Definitions:

Non-Exclusive Territory

A designated area where more than one entity is granted rights or privileges, such as sales or distribution, by an agreement.

Limited Liability Partnership

A partnership arrangement in which some or all partners have limited liabilities, protecting personal assets from business debts and liabilities.

Separate Legal Entity

An entity that is legally distinct from its owners or members, capable of having its own rights, duties, and obligations.

Business Organization

An entity formed for the purpose of carrying on commercial enterprise, including corporations, partnerships, and sole proprietorships.