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The physical and psychological satisfaction a customer derives from the purchase of goods and services...

Commerce
JAMB 2014

The physical and psychological satisfaction a customer derives from the purchase of goods and services is

  • A. production
  • B. product mix
  • C. utility
  • D. trade
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Correct Answer: Option C
Explanation

Utility is a term in economics that refers to the total satisfaction received from consuming a good or service. This include both psychological and physical satisfaction

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts