The Best Example of a Private Good Is

question 78

Multiple Choice

The best example of a private good is:

• A) an automobile.
• B) public education.
• C) national defense.
• D) law enforcement.

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Definitions:

Time Utility

The increase in customer satisfaction or value achieved by making a good or service available at the precise time it is needed or desired.

Direct-Mail Marketer

A marketing professional or company that specializes in sending promotional materials directly to potential customers through postal or electronic mail.

Quick-Response Retailer

Retailers that use efficient supply chains and data analysis to quickly adjust to market trends and consumer demands.

Home Delivery Retailer

A business that sells products directly to customers and delivers them to their homes.