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Since product...

Question

Since production is transformation, it can be done through the changes in place utility, form utility, time utility, ___________.

A

possession utility

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B

service utility

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C

knowledge utility

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D

all the above

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Solution

The correct option is C possession utility
Possession utility is the benefit consumers derive from the purchase of a product from the company.

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Similar questions

Q. Which of the following is not a public utility service?

Q. a) Utility represented pleasure while disutility indicated pain
b) Utility can be experienced; it cannot measured

Q. The marginal utility and total utility from consumption of various units of a product x are given below :

Unit	Marginal Utility	Total Utility
0	0	0
1	10	10
2	X	18
3	7	Y
4	Z	31
5	5	P
6	4	40

From the above table find the marginal utility derived from consumption of 2nd unit___.

Q.
Marginal utility analysis of consumer equilibrium assumes that utility can be expressed in terms of cardinal numbers which is a serious limitation of utility analysis.

Q. Which of these is not a method of creating utility in production?

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