Place Utility Is Created

question 11

Multiple Choice

Place utility is created

• A)when arrangements for the transfer of title from seller to buyer are made.
• B)when the product is made available to the consumer at a time the consumer wants to buy it.
• C)by having the good or service available at a convenient location when the consumer wants to buy it.
• D)when the business firm converts raw materials into finished products.

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Definitions:

Cultural Questions

Inquiries that explore the values, practices, and norms of a society or group, often aimed at understanding diversity and promoting inclusivity.

Survey Research

A type of study where a group of people chosen to represent some larger population are asked questions about their attitudes, behavior, or thinking on a given topic.

Attitudes

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor.

Field Study

A research investigation carried out in a naturally occurring setting.