__________ is the ability of a product to satisfy a customer.\na. economic utility\nb. value\nc. purchasing…

__________ is the ability of a product to satisfy a customer.\na. economic utility\nb. value\nc. purchasing power\nd. outsourcing\n\nplease select the best answer from the choices provided\n○ a\n○ b\n○ c\n○ d

__________ is the ability of a product to satisfy a customer.\na. economic utility\nb. value\nc. purchasing power\nd. outsourcing\n\nplease select the best answer from the choices provided\n○ a\n○ b\n○ c\n○ d

Answer

Brief Explanations:

  • Economic utility refers to the extent to which a product satisfies a customer's needs or wants.
  • Value is the worth of a product relative to its cost, not directly the ability to satisfy.
  • Purchasing power is the ability to buy goods, unrelated to product satisfaction.
  • Outsourcing is a business practice of hiring external parties, irrelevant to the definition.

Answer:

A. Economic utility