BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Satisfying wants involves 4 types of utility:time, place, possession and
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economy
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capital
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form
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labor
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Explanation:
Detailed explanation-1: -There are four basic principles that fall under this umbrella, including form utility, time utility, place utility, and possession utility.
Detailed explanation-2: -Utility refers to the value or benefit a customer receives from the exchange, according to the University of Delaware. There are four types of utility: form, place, time and possession; together, they help to create customer satisfaction.
Detailed explanation-3: -Types of Utility. There are mainly four kinds of utility: form utility, place utility, time utility, and possession utility.
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