Value to Consumers That Comes from Having the Offering Available

question 118

Multiple Choice

value to consumers that comes from having the offering available when they need it constitutes __________ utility.

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

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Definitions:

Equality Matching

A type of reciprocity based on the idea of balance and fairness, where each participant receives equivalent value in a transaction or relationship.

Social Exchange

People often use a form of everyday economics when they weigh up costs and rewards before deciding what to do.

Bicultural Identity

An individual's identification with two cultures and the integration of these cultures into their sense of identity.

Sari

A traditional South Asian garment consisting of a length of cotton or silk cloth that is wrapped around the body, usually draped over the shoulder.