All of the Following Are Types of Utility That Customers

question 130

Multiple Choice

All of the following are types of utility that customers value except _____.

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

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Definitions:

Sales Discounts

A reduction in the price of goods or services offered to customers, typically to prompt early payment or bulk purchases.

Sales Returns

Transactions where a buyer returns previously purchased merchandise back to the seller, leading to a refund or credit.

Gross Sales

The total of all sales transactions before any deductions for returns, allowances, or discounts.

Sales Discounts

Reductions granted on the selling price of goods or services to encourage prompt payment by customers.