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Author Question: Name and explain the four types of economic utility.[br][br][b][color=gray]Question ... (Read 115 times)

cmoore54

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on: Jun 29, 2018
Name and explain the four types of economic utility.

Question 2

Define entrepreneurship. Why is it an important economic resource?


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bfulkerson77

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Time utility means making a product available at a time when consumers want it. Place utility involves making a product available where consumers want it. Form utility occurs when the actual form of the product attracts consumers. Possession utility means providing different ways for consumers to own a product.

Answer to Question 2

Entrepreneurship is the ability to envision new opportunities and undertake them. Most businesses begin with entrepreneurship, and entrepreneurship is essential to developing new products and services.


cmoore54

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Reply 2 on: Jun 29, 2018
:D TYSM

dyrone

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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