The essential utility derived from the use of a product is known as

Assessment: JAMB UTME - Commerce - 2013 Subject: Commerce

Question 1 Report

The essential utility derived from the use of a product is known as
Answer Details
The essential utility derived from the use of a product is known as the core benefit. This refers to the primary or fundamental benefit that a product provides to its consumers. For example, the core benefit of a car is transportation, the core benefit of a phone is communication, and the core benefit of a laptop is computing power. The core benefit is the reason why consumers purchase a product in the first place, and it is the foundation upon which all other product benefits are built.
Read lesson note on Elements Of Marketing (JAMB)
View Answer

Related Questions

1

The physical component of a computer system is
2

The difference between indemnity insurance and non-indemnity insurance is that the latter provides
3

Use the table above to answer this question. If Mr. N takes a fire insurance policy with average clause, his compensation will be
4

To meet security requirements before gaining access to data, a computer operator supplies
5

A computer accessory through which information can be retrieved is the
6

Use the above table to answer this question. What insurance principle has Mr P Violated if he decides to overstate the actual value of his property?
7

The type of computer software used mainly for management information is
8

Which of the following is used as pricing policy?

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning