Distinguish between:
2. Utility and satisfaction
ANSWER:
2)
Utility
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Satisfaction
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It is the want satisfying power of a commodity.
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It is the feeling of happiness derived by the consumer.
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Utility is derived or obtained by a person.
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Satisfaction is experienced by the person.
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It is the anticipated level of satisfaction.
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It is actually realised by the consumer.
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It is the starting point of consumption.
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It is the end result of consumption.
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