An added value in economic terms; an attribute of goods or services that makes them capable of satisfying consumers wants and need is .....

MARKETING MANAGEMENT

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

An added value in economic terms; an attribute of goods or services that makes them capable of satisfying consumers’ wants and need is ____

A	possession utility
B	utility
C	form
D	marketing

Explanation:

Detailed explanation-1: -Attributes of a product or service that make it capable of satisfying consumer’ wants and needs. The functions of marketing add value to a product. they make it more useful. The added value in economic terms is call utility.

Detailed explanation-2: -Added value is called utility, which are the attributes of a product or service that make it capable of satisfying consumer’s wants/needs.

Detailed explanation-3: -Utility. An added value in economic terms: an attribute of goods or services that make them capable of satisfying consumers’ wants and needs.

Detailed explanation-4: -Economic value added (EVA), also known as economic profit, aims to calculate the true economic profit of a company. EVA is used to measure the value a company generates from funds invested in it.

There is 1 question to complete.

BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

MARKETING MANAGEMENT