Calculate the Dollar Price of a German Automobile Worth 40

question 25

Multiple Choice

Calculate the dollar price of a German automobile worth 40, 000 euros, if the dollar per euro exchange rate is 1.5.

• A)$41, 500
• B)$26, 700
• C)$60, 000
• D)$50, 000
• E)$38, 500

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Definitions:

Four Utilities

Refers to the satisfaction or value that customers receive from a product, encompassing form, time, place, and possession utilities.

Marketing Creates

The process through which marketing efforts lead to the creation of value, demand, and brand identity.

Possession

The state or fact of owning, controlling, or having an object, property, or asset.

Form Utility

The value added by the process of transforming raw materials into a finished product that is more useful to consumers.