Possession Utility Is Best Described as

question 54

Multiple Choice

Possession utility is best described as

• A)products being available in places where the customers wish to purchase them.
• B)the customer having access to the product to use now or store and use later.
• C)having a company's products available when a customer needs them.
• D)being able to legally own a product despite restrictions on trade.
• E)getting the products to the consumers in as short of time as possible for ownership.

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Definitions:

Net Asset Test

A financial metric used to evaluate a company's financial health by subtracting total liabilities from total assets.

Liability

The state of being responsible for something, especially in terms of legal or financial obligations.

Creditors

Individuals or institutions to whom money is owed.

Cohesion

The tendency for a group to be in unity while working towards a goal or to satisfy the emotional needs of its members.