Question

the process and method of bringing a product or service to the consumer is known as -----.
economic utility
distribution
time utility
place utility
question 4
3 pts
if you want to keep prices low and get products to consumers quickly, what should you do?
use more distributors.
keep the distribution chain short.
avoid distributing the product.
make the distribution chain longer.

Explanation:

1. The process of bringing a product or service to the consumer is distribution. Economic utility refers to the total satisfaction received from consuming a good or service. Time utility is about making products available at the right time, and place utility is about making them available at the right place.
2. Keeping the distribution chain short reduces costs (as there are fewer middle - men taking a cut) and can speed up the delivery of products to consumers, helping to keep prices low and get products to consumers quickly. Using more distributors may increase costs, avoiding distribution is not a solution for getting products to consumers, and making the distribution chain longer will likely increase costs and delivery time.

Answer:

Question 3: B. distribution
Question 4: B. Keep the distribution chain short.