Economic Utility Test Review

Which is an example of form utility?

• A business changes the shape of a product

• A business installs a paypal system

• A business adds a drive thru

• A business offers free delivery

Which is an example of possession utility?

• A clothing store manager creates an Instagram ad

• A glassmaker produces a greater supply as Christmas approaches

• A salesman is unable to sell a new car to a customer who showed great interest

• A giant retailer extends the hours it's open during the summer months

Which is an example of time utility?

• Retailers meet and discuss which products should be available for a holiday sale.

• Electronic retailers attend Consumer Electronics Show (CES) in January to identify products to have available for Christmas.

• A restaurant owner offers curb-side pick up to ensure the orders are delivered to customers on time.

• A grocery store creates a display that highlights the foot items that are on sale.

Which is an example of place utility?

• Adequate stock to meet the increased demand certain times of the year

• Creating a payment plan to assist customers who want to make a purchase

• A television commercial during the 6:00p.m. local news show to reach an older demographic

• Shopping malls and shopping centers

Which of the following helps to create information utility?

• Television commercial

• An email about a department meeting

• Sugar in cookies

• Mannequin display

Which of the following is an example of form utility?

• Handing out free samples

• Painting a new sign outside of the store

• Delivering food to a restaurant

• Accepting cash app payments

Which is an example of place utility?

• Having products available when they are needed

• Having products available for delivery

• Having products available where they are needed

• Having products in stock

Which of the following is an example of possession utility?

• Repainting a used car

• Having products available when they are needed

• Creating a website about the company

• Delivering new furniture to a customer's home

Having St. Patrick's Day products available in March is an example of which type of utility?

• Possession

• Time

• Information

• Form

A label that shows the nutritional value of a food item is an example of which type of utility?

• Possession

• Place

• Time

• Information