Asked by Krystal Phengsomphone on Jun 23, 2024
Verified
The utility of a good or service:
A) is synonymous with usefulness.
B) is the satisfaction or pleasure one gets from consuming it.
C) is easy to quantify.
D) rarely varies from person to person.
Satisfaction
A measure of how goods and services supplied by a company meet or surpass customer expectation.
Pleasure
A state of feeling pleased or satisfied, often resulting from the fulfillment of a desire or need.
Synonymous
Having the same or nearly the same meaning as another word or phrase in the same language.
- Comprehend the principle of utility and its connection to consumer contentment.
Verified Answer
JJ
Jaeda JenningsJun 30, 2024
Final Answer :
B
Explanation :
Utility refers to the satisfaction or pleasure one gets from consuming a good or service. It is subjective and varies from person to person, making it difficult to quantify.
Learning Objectives
- Comprehend the principle of utility and its connection to consumer contentment.