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Anastasy [175]
3 years ago
10

What is form utility and what is place utility

Business
2 answers:
eduard3 years ago
5 0
Form

Form refers to the product or service you offer your customers. Your marketing team carries out research into customer needs to develop a specification for a product or service. Your product development team can then develop a product or service that meets customers’ needs and provides your customers with important business benefits such as lower costs, improved productivity, easier installation or stronger competitive advantage. Your marketing team is creating utility by transforming customers’ needs into product or services that deliver added value.

Place

The utility of place refers to the availability of a product or service in a location that is convenient to your customers. In business marketing, place can refer to the convenience of your distribution channels or direct sales operations. By improving the utility of place, you are ensuring that your customers will find it convenient to buy your product. If you market services, you can improve utility for your customers by developing self-service facilities on your website, for example. Customers can find answers to straightforward technical problems or post questions on a forum where your team or other customers can provide answers

Ne4ueva [31]3 years ago
5 0

Answer:

Explanation:

Form utility can be defined as the process of utilizing the raw material for the preparation of finished goods. The manufacturing companies takes a huge effort to assemble all components to develop a product. Place utility reflects how the products are presented in front of customers through using media, advertisement and other marketing strategies.

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Suppose a customer needs a product urgently, but it is out of stock what would you do ?
ivolga24 [154]
I would find all the possible locations that it is available, and tell the costumer that maybe we could order it for them. Or, they could go to the closest location, or order it

6 0
3 years ago
At the time a $400 petty cash fund is being replenished, the company's accountant finds vouchers totaling $350 and petty cash of
Oksi-84 [34.3K]

Answer:

Explanation:

The journal entry to record the expenditure account is shown below:

Postage A/c Dr $100

Business lunches A/c Dr $150

Delivery fees A/c Dr $75

Office supplies /c Dr $25

                To  Petty cash A/c $350

(Being expenditure is recorded)

So, the debit petty cash account would not be considered as it is credited while passing the journal entry.

7 0
3 years ago
Because there are a variety of factors in addition to inflation that affect exchange rates, this will
nadezda [96]

Available Options Are:

A. Reduce the probability that PPP shall hold.

B. Increase the probability that PPP shall hold.

C. Increase the probability the IFE will hold.

D. B and C

Answer:

Option A. Reduce the probability that PPP shall hold

Explanation:

The reason is that Purchasing Power Parity Theory assumes:

  • Perfect Market Conditions,
  • No Trade Barriers exist.
  • No Transaction Cost exists.
  • No technological dominance of other countries
  • Free Trade across the world

These are some factors that will definitely affect the reliability of the theory. Hence these assumptions are unrealistic and it is obvious that the model will not hold true because of these unrealistic assumptions and other factors like interest rate, government debt, recession, etc.

Hence the option A is correct here.

If Option A is correct then Option B is incorrect because is totally opposite.

Option C is incorrect because it assumes that their are no external factors that will be affecting the exchange rate which means that the exchange rate is not controlled by the government. This means it only holds for long term and not for short term. Hence the Option C is incorrect.

5 0
4 years ago
A zero-coupon bond is a security that pays no interest, and is therefore bought at a substantial discount from its face value. I
Annette [7]

Answer:

$773.53

Explanation:

Given:

Interest rate, r = 5% compounded annually

Face value = $1,200

Time , n = 9 years

Now,

the Price of zero coupon bond is calculated as:

Price of zero coupon bond = \frac{\textup{Face value}}{{(1+r)^n}}

or

Price of zero coupon bond  = \frac{1,200}{{(1+0.05)^9}}

or

Price of zero coupon bond  = $773.53

4 0
4 years ago
Spring Airlines is a small budget airline that is based in China. Due to the unfamiliarity ofthis mode of transportation in Chin
san4es73 [151]

Answer:

Hygiene Factor

Explanation:

In order to learn more about the answer, it's best to know about Frederick Herzberg's two-factor theory of job satisfaction and dissatisfaction.

Frederick Herzberg- He is an American psychologist who became very influential in business management. He became very famous for his motivation-hygiene theory of job satisfaction and dissatisfaction (the two-factor theory).

Motivation-Hygiene Theory-  This theory states that there are certain factors in the workplace that cause job satisfaction and dissatisfaction. These are separated from each other and work independently of each other.

The first factor is called the Motivators. This factor gives positive satisfaction to the person from the job itself. It includes responsibility, recognition for one's achievement, opportunity to do something meaningful, etc. The second factor is Hygiene Factor. This factor does not give positive satisfaction or higher motivation. Examples of this are job security, work conditions, salary, fringe benefits, good pay, paid insurance, vacations, etc. They are called "hygiene" factors because they are maintenance factors and are important to the work itself.

In the case of Spring Airlines, the working condition of the employees are not fully met. They are often attacked by unhappy customers who demand compensation for flight delays. This falls under the Hygiene Factor.

4 0
4 years ago
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