Comfort Corners Home Furnishings uses labor and machinery to transform wood, plastic, metal, and cloth into comfortable chairs,
sofas, and love seats for the home. This process creates______________. a. use facility.
b. form utility.
c. intangible productivity.
d. place utility.
Utility can be defined as the satisfaction a consumer derives from using a particular good or service. There are different types of utilities and they include: Form utility, time utility, place utility, possession utility, and task utility.
Form utility is the satisfaction derived from the use of finished products, rather than their raw forms. Many firms try to convert the raw forms of products to a useful form that will be readily acceptable to the consumer. Examples the use of wood to make furniture.
This is the process of designing a product to target a specific client's needs or wants. Customers' desires are incorporated into the features and benefits the products offer to customers. As in the above company. Various designs of furniture have been designed to appeal to customers needs and wants in home furnishing.furnishings.
To calculate annualized GDP growth rates, start by finding the GDP for 2 consecutive years. Then, subtract the GDP from the first year from the GDP for the second year. Finally, divide the difference by the GDP for the first year to find the growth rate. Remember to express your answer as a percentage.
NASA wanted to know if extended periods of weightlessness would have an impact on long-term circulatory function. The agency located seven former astronauts who had spent more than one month in space under conditions of weightlessness, and tested all aspects of their cardiovascular function. NASA's research with these seven astronauts would be considered to be case study research.
A sunk cost is the correct answer to this question.
Explanation:
Sunk cost:- Sunk costs are those expenses that have been accumulated in the past and are thus in some way unrelated to judgment-making.
In the question referred to above, the company has already made $14 to produce. This cost will be inconsequential even if the company makes the units as it is or procedures them further.
As a result, $14 is a sunk expense.
Other options are incorrect because they are not related to the given scenario.
