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Hitman42 [59]
2 years ago
12

The economic term for the want-satisfying ability, or value, that organizations add to goods or services is

Business
1 answer:
Lana71 [14]2 years ago
4 0

The economic term for the want-satisfying ability, or value, that organizations add to goods or services is utility.

<h3>What is utility?</h3>

Utility refers to the amount of satisfaction a consumer derive from the consumption of certain commodities.

It is the importance or value added to a product or service that helps gives the consumer useful information about all products and services.

Hence, the economic term for the want-satisfying ability, or value, that organizations add to goods or services is utility.

Learn more about utility here : brainly.com/question/24848038

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Explanation:

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There should be absolutely no typos as spell check doesn’t fix everything!.

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When manufacturers such as pampered chef sell directly to consumers, they perform both production and retailing activities?
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By formation of legally binding contract.

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