If a good or service satisfies a human need, it has
A) value.
B) focus.
C) magnitude.
D) form.
E) utility.

Question

Quizplus · Accepted Answer

The term "utility" specifically refers to the ability of a good or service to satisfy a human need or want, making E) the correct choice. A good or service may also have value, form, magnitude, or focus, but these terms do not fully capture the concept of meeting human needs the way utility does.

If a Good or Service Satisfies a Human Need, It