The utility of a product or service is its:
A) want-satisfying power.
B) reusability.
C) function as a commodity.
D) design quality.

Name: The utility of a product or service is its: A) want-satisfying power. B) reusability. C) function as a commodity. D) design quality.
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Question

Quizplus · Accepted Answer

Utility in economics and marketing refers to the want-satisfying power of a product or service, meaning how well it meets the needs or desires of a consumer.

The Utility of a Product or Service Is Its