Consumers Receive the Benefits of Place Utility When

question 214

Multiple Choice

Consumers receive the benefits of place utility when

• A) they have to travel excessively to obtain products they want.
• B) retailers remain open 24 hours a day.
• C) they can stock up on products they need but not use them right away.
• D) they make purchases with credit and debit cards.
• E) products are available in locations where consumers want to buy them.

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Definitions:

Policy Owner

The individual or entity that holds and controls an insurance policy and has the right to exercise all privileges under the contract.

Face Value

The nominal or stated value of a financial instrument or document, such as a bond or stamp, not necessarily its market value.

Premiums

The amount of money charged by an insurance company for active coverage.

Fire Insurance

A type of property insurance that covers damage and losses caused by fire.