GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An added value in economic terms; an attribute of goods or services that makes them capable of satisfying consumers’ wants and need is ____
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possession utility
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utility
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form
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marketing
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Explanation:
Detailed explanation-1: -Utilities are the attributes of goods or services that make them capable of satisfying consumers’ wants and needs.
Detailed explanation-2: -Economic value-added-also referred to as economic profit or EVA-is the value a business generates from its invested capital.
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