Table of Contents
Time utility exists when a company maximizes the availability of a product so that customers can buy it during the times that are the most convenient or desirable for them.
Which of the following is the amount of a product that a company can produce under normal working conditions?
BUS 116- Test #3
Low contract services | oil change |
The amount of product that a company can produce under normal working conditions | capacity |
An assembly line would most likely use a | product layout |
The documentation of the current process which uses a diagram is called a | process flow chart |
Which type of utility is created when ownership of a product is transferred from the seller to the user?
5.01 Vocabulary Games
Possession utility | Usefulness created when ownership of a product is transferred from the seller to the user. |
Price | The amount of money paid for a good, service, or resource. |
Producer | The people who make or provide goods and services. |
Which of the following refers to a set of methods and technology is used to produce a good or service?
production system, any of the methods used in industry to create goods and services from various resources.
What are two questions businesses can ask when they want to increase form utility?
what are two questions businesses can ask when they want to increase form utility? should they develop a new product? and should they make changes to an existing product? how can businesses create or enhance possession utility? businesses seek out ways to make it easier for customers to buy their products.
What is it called when a company outsources tasks to a group?
_______ is a marketing term that describes new ways of gaining attention and, ultimately, customers by creating content on a website that pulls customers in. Inbound marketing. What is it called when a company outsources tasks to a group of people in order to tap into the ideas of the crowd? Crowdsourcing.
What do employees want in a job?
A great work environment can boost employee morale, encourage motivation, and enhance employees’ quality of life. Employers should offer fair compensation and benefits, comprehensive reward and recognition systems, and known and understood strategic frameworks in which employees experience clear expectations and goals.
What is utility value?
Utility value is how the task relates to future goals. While students may not enjoy an activity, they may value a later reward or outcome it produces (Wigfield, 1994). One way to increase the value of the task is to positively reinforce students for completing the task.
Which is type of utility is created when company makes?
Donate your notes with us. Which type of utility is created when a company makes products available where consumers want them? Please log in or register to answer this question.
What are the four types of economic utility?
The four types of economic utility are form, time, place, and possession, whereby utility refers to the usefulness or value that consumers experience from a product.
When does a company make products available conveniently for consumers?
When a company makes products available conveniently for consumers, based on where they are, which type of utility is created?
Which is the best definition of time utility?
Time utility exists when a company maximizes the availability of a product so that customers can buy it during the times that are the most convenient or desirable for them.