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2 years ago

What is time utility and possession utility?

2 answers:

Pie2 years ago

4 0

Answer: The four types of economic utility are form, time, place and possession. "Utility" in this context refers to the value, or usefulness, that a purchaser receives in return for exchanging his money for a company's goods or services.

Margaret [11]2 years ago

3 0

Answer:

Definition: Time Utility. Many companies educate their business, marketing and advertising professionals about the customer purchase behaviour and needs of the consumers which create a utility function. There are total four types of utilities which are form, possession, place and time. Time value of Option.

Possession utility is the value customers have while buying a product and they have the choice to use the product for the purpose it was made for or finding a new way to use the product. However, The marketing utility that allows the customer to physically access what they bought, it is referred as "possession".

Explanation:

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Your boss leaves you a note, asking you to determine the present value of a $1,200,000 payment to be made in six years assuming

shtirl [24]

Answer:

so value of the mistake is $311685.71

Explanation:

given data

present value = $1,200,000

time = 6 year

discount rate = 18%

discount rate = 8%

to find out

What is the dollar value of the mistake

solution

we get here present value that is express as for both rate that is

present value = $\frac{FV}{(1+r)^t}$

put here value

present value = $\frac{1200000}{(1+0.18)^6}$

present value 1 = $444517.85

and

present value = $\frac{1200000}{(1+0.08)^6}$

present value 2 = $756203.55

difference is $756203.55 - $444517.85

difference is = $311685.71

so value of the mistake is $311685.71

7 0

3 years ago

State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash fl

Ivanshal [37]

Answer:

Effect of Transaction on Cash Flows

Effects Amount

1. Cash Payment $239,000

2. Cash Receipt $252,000 (12000*$21)

3. Cash Receipt $91,400

4. Cash Payment $491,000

5. Cash Payment $86,000

6. Cash Receipt $188,100 (190,000*0.99)

7. Cash Payment $353,400 (6,200*$57)

8. Cash Payment $36,100 [1.90*(23,000-4,000)]

5 0

2 years ago

Three aspects in the cover page of a business plan

BARSIC [14]

Answer:

Explanation:

Your business plan cover page should include:

Your company logo.

Document title and business name.

Business address and contact information.

Business plan completion date.

Confidentiality statement.

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2 years ago

Suppose there are five suppliers of ice cream in the town of Summerville. When the price of ice cream is $2 per scoop, Firm A is

victus00 [196]

Answer:

the market quantity supplied is less than 250 scoops when the price is $2 per scoop

Explanation:

When price is $2, the total quantity supplied = 20 + 50 + 35 + 100 + 40 = 245

At the price $2, the total quantity supplied is less than 245

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3 years ago

A rent ceiling is _______. A. a price floor in the housing market B. the opportunity cost of renting an apartment C. the mechan

GenaCL600 [577]

Answer:

Explanation:

A rent ceiling is a government regulation that makes it illegal to charge a rent higher than a specified level. Meaning that the landlord of a building cannot charge a rent amount higher than the maximum price set forth by the rent ceiling. Landlords that violate this law are usually fined by the government as a consequence.

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3 years ago