In the Marketspace,consumers Can Tell Marketers Exactly What Their Requirements

question 21

Multiple Choice

In the marketspace,consumers can tell marketers exactly what their requirements are,making possible the customization of a product or service to fit their exact needs.This means that marketers can use electronic commerce to enhance customer value by providing

• A)place utility.
• B)form utility.
• C)time utility.
• D)possession utility.
• E)product utility.

Apply concepts of cost behavior to real-world situations.

Distinguish between variable costs and fixed costs based on their behavior.

Analyze and categorize costs as variable, fixed, or mixed.

Utilize methods to estimate and analyze variable and fixed components of mixed costs.

---

Definitions:

Buzzwords

Popular or trendy words or phrases that are used to impress or persuade, often in the fields of business, politics, and marketing.

Fordism

Early twentieth-century term describing the economic system pioneered by Ford Motor Company based on high wages and mass consumption.

Mass Production

The manufacturing of large quantities of standardized products, often using assembly lines or automated technology, to achieve economies of scale.