Having Products Available When the Customer Wants Them Is Called

question 65

Multiple Choice

Having products available when the customer wants them is called

• A) place utility.
• B) time utility.
• C) availability.
• D) possession utility.
• E) chronavailability.

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Definitions:

Full Cost

The complete cost of producing and delivering a product or service, including direct and indirect costs.

Profit Margin

A financial metric indicating the percentage of revenue that remains as profit after accounting for costs and expenses.

Profit Margin

A financial metric that measures the amount of net income generated as a percentage of revenue.

Full Cost

The total cost associated with producing a product or providing a service, including both direct and indirect costs.