The Utility That Is Created When a Salesperson at a Car

question 23

Multiple Choice

The utility that is created when a salesperson at a car dealership completes the sales contract is _____ utility.

• A)place
• B)form
• C)time
• D)ownership

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Definitions:

Alter

To change, modify, or adjust.

Quantity Supplied

The capacity of goods or services that producers are inclined and qualified to vend at an identified price for a designated span of time.

Price Rises

An increase in the cost of goods or services over time, often referred to as inflation.

Increase in Supply

A situation where the quantity of a product that producers are willing and able to sell at various prices rises, often due to factors like technological advancements or decreased production costs.