Selling snow tires to a customer during the first snowstorm of the season is an example of providing time utility.
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Q1: Form utility usually applies only to services
Q2: Economic utility is one of the four
Q4: Entrepreneurship is a factor of production.
Q5: If a country did not produce any
Q6: Capital goods directly satisfy human wants.
Q7: The availability of natural resources, labor, and
Q8: Economists include government as a factor of
Q9: When productive resources are used for capital
Q10: The United States has adequate resources to
Q11: Countries with a command economy are often
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