When the editors of Contemporary Business use computers,paper,and human effort to create the new edition of a text,they are engaged in ________.
A)creating time utility
B)creating possession utility
C)production
D)marketing

Question

Quizplus · Accepted Answer

The editors of Contemporary Business use computers, paper, and human effort to produce the new edition of the text. This process of creating goods or services is known as production. Possession utility is created through the process of transferring ownership of goods or services to customers, whereas time utility is created by making goods or services available when customers need them. Marketing involves identifying customers' needs and wants and designing methods to meet them.

When the Editors of Contemporary Business Use Computers,paper,and Human Effort