Opm 3000 2025/2026 Exam Questions
with 100% Correct Answers | Latest
Update
Economic theory suggests that a customer chooses a product or service to
obtain the highest _________.
-demand
-supply
-utility
-satisfaction - 🧠 ANSWER ✔✔A customer chooses a product or service that
gives him/her the highest utility.
The set of products or services a business offers to its customers is called
_________blank.
-demand
-bundle
-supply
COPYRIGHT©BLAIRALISTERNEWTON 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
1
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, -value - 🧠 ANSWER ✔✔Supply is the set of products or services offered by
a business to its customers
A customer's desire for a product or service is measured by its _________.
-popularity
-costs
-utility
-advertisement - 🧠 ANSWER ✔✔According to economic theory, utility
measures one's desire for a product or service
The many flavors of ice-cream offered by ice-cream parlors are reflective of
the _________ of today's
-bargaining power
-homogeneous preferences
-heterogeneous preferences
-knowledge base - 🧠 ANSWER ✔✔The differences in customer preferences
for the taste, color, or size of a product or services are called
heterogeneous preferences.
COPYRIGHT©BLAIRALISTERNEWTON 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
2
PRIVACY STATEMENT. ALL RIGHTS RESERVED
with 100% Correct Answers | Latest
Update
Economic theory suggests that a customer chooses a product or service to
obtain the highest _________.
-demand
-supply
-utility
-satisfaction - 🧠 ANSWER ✔✔A customer chooses a product or service that
gives him/her the highest utility.
The set of products or services a business offers to its customers is called
_________blank.
-demand
-bundle
-supply
COPYRIGHT©BLAIRALISTERNEWTON 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
1
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, -value - 🧠 ANSWER ✔✔Supply is the set of products or services offered by
a business to its customers
A customer's desire for a product or service is measured by its _________.
-popularity
-costs
-utility
-advertisement - 🧠 ANSWER ✔✔According to economic theory, utility
measures one's desire for a product or service
The many flavors of ice-cream offered by ice-cream parlors are reflective of
the _________ of today's
-bargaining power
-homogeneous preferences
-heterogeneous preferences
-knowledge base - 🧠 ANSWER ✔✔The differences in customer preferences
for the taste, color, or size of a product or services are called
heterogeneous preferences.
COPYRIGHT©BLAIRALISTERNEWTON 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
2
PRIVACY STATEMENT. ALL RIGHTS RESERVED
