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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Explain the four kinds of utility.

Summary Introduction

To determine: The four kinds of utility.

Introduction: The economic utility of a product or service is essential to comprehend since it will directly impact the demand, and in this manner cost, of that product or service.

Explanation

The four kinds of utility are as follows:

  • Form utility
  • Place utility
  • Time utility
  • Ownership utility

Form utility is made by changing over creation contributions to completed items...

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