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

---

Definitions:

Machine Hours

A measure of production time, referring to the total hours that machinery is operational within a specific period.

Maintenance Cost

Maintenance cost is the total expense incurred in keeping an asset in good working condition, including costs for repairs, replacements, and preventive measures.

Administrative Expense

Overhead or general expenses related to the administration of a business, not directly tied to any specific department or product.

Expected Net Income

The projected profit of a business after all expenses and taxes have been deducted from total revenue.