Question

Sam needed a new pair of bicycle pedals. After visiting several stores to find the right ones, he purchased a pair from a local store called All Things Sports and was satisfied that his needs were met. Which of the following best describes the type of value Sam received?

Answer 1

Answer: Utilitarian value

Explanation:

A product or service is said to have Utilitarian value if a consumer uses it to solve a problem or settle a need being faced. The pedal Sam bought from the All things sport local shop, has Utilitarian value as he used it to fix his bicycle.