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

By: |Published on: Dec 12|Categories: Commerce JAMB| 0 comments

A. production
B. product mix
C. utility
D. trade

Correct Answer:

Option C – utility

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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