A Product's Ability to Satisfy a Human Want Is Called

question 110

Multiple Choice

A product's ability to satisfy a human want is called

• A) utility.
• B) usefulness.
• C) customer satisfaction.
• D) marketability.
• E) demand.

---

Definitions:

Reportable

Anything that must be officially noted and disclosed, often within financial contexts or compliance reporting.

Geographic Area

A specific portion of space distinguished by geographical boundaries or attributes, often used for analysis in business or economics.

U.S. Company

A corporation, partnership, or other business entity that is registered and operates within the United States.

U.S. GAAP

United States Generally Accepted Accounting Principles, a framework of accounting standards, procedures, and rules used by companies to compile their financial statements in the U.S.