Value to Consumers That Comes from Making an Item Easy

question 17

Multiple Choice

value to consumers that comes from making an item easy to purchase through the provision of credit cards and financial arrangements constitutes _________ utility.

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

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Definitions:

Social Security Tax

Definition: Taxes collected by governments to fund social security programs, typically levied on both employers and employees.

Medicare Tax

A federal tax taken from earnings to fund the Medicare program, which provides health insurance for individuals aged 65 and older.

Employer Payroll Taxes

Taxes that employers are required to pay on behalf of their employees, including contributions to social security, Medicare, and unemployment taxes.

Federal Income Tax

A charge imposed by the federal government of the United States on the yearly income of individuals, corporations, trusts, and various legal bodies.