Which of the following is the ability of a product to satisfy a human want or need? A. Quality ownership B. Relative advantage C. Content D. Utility E. Satisfaction

The correct answer is D. Utility.<br /><br />Utility refers to the ability of a product or service to satisfy a human want or need. It is a measure of the value or usefulness that a consumer derives from consuming a particular good or service. In other words, utility is the satisfaction or pleasure that a consumer experiences when using a product or service to fulfill their needs or desires.<br /><br />The other options provided are not directly related to the ability of a product to satisfy a human want or need:<br /><br />A. Quality ownership: This refers to the perception of a product's quality by the consumer, which may influence their satisfaction with the product.<br /><br />B. Relative advantage: This refers to the perceived benefits of a product compared to its competitors, which may influence a consumer's decision to choose one product over another.<br /><br />C. Content: This refers to the actual substance or material that is contained within a product, which may contribute to its utility.<br /><br />E. Satisfaction: This refers to the overall level of contentment or happiness that a consumer experiences when using a product or service, which may be influenced by the product's utility.<br /><br />Therefore, the correct answer is D. Utility, as it directly refers to the ability of a product to satisfy a human want or need.