Question

__________ is the value or want-satisfying ability that is added to products by organizations that make the product more useful or accessible to consumers. Utility Functionality User friendliness Applicability

Answer 1

Answer:

Utility

Explanation:

In economics satisfaction and pleasure is defined as a utility. When a person drinks water he/she gains utility that is a sense of satisfaction. The most important factor that increases or decreases the demand for a particular commodity is how much utility or satisfaction it provides to the end-user. Overall, the concept was first explained by Jeremy Bentham and John Stuart Mill.