Storage reduces time utility for buyers and sellers
Indicate whether the statement is true or false
a. True
b. False
ANSWER: False
Storage helps manufacturers manage supply and demand, or production and consumption. It provides time utility to buyers and sellers, which means that the seller stores the product until the buyer wants or needs it.
Business
You might also like to view...
Facilities benchmarking for establishing goals for quality is based on"
a. statistical analysis b. quality milestones c. comparisons d. quality circles
Business
John was on his way home when an assailant stopped his car and threatened to physically harm him if he ever saw him drive on that street again. John can sue the assailant to recover damages for ________
A) assault B) battery C) libel D) disparagement
Business