Asked by Michael Petropulos on Jun 26, 2024
Verified
Utility is MOST closely related to:
A) usefulness.
B) satisfaction.
C) requirement.
D) necessity.
Utility
a measure of satisfaction or happiness that a person derives from consuming goods and services.
Satisfaction
The level of contentment or fulfillment received from consuming a product or service.
Usefulness
The ability or quality of being able to serve a purpose effectively or efficiently.
- Apprehend the concept of utility as the enjoyment received from the utilization of goods and services.
Verified Answer
MG
Mathieu GrindlayJul 01, 2024
Final Answer :
B
Explanation :
Utility refers to the satisfaction or usefulness that a product or service provides to a consumer. Therefore, option B, satisfaction, is the best choice.
Learning Objectives
- Apprehend the concept of utility as the enjoyment received from the utilization of goods and services.