Close Contents Introduction Podcast Beta Questions and Answers More Actions PDF Questions Make a copy Study Flashcards Play Quiz Podcast Beta Play an AI-generated podcast conversation about this lesson 0.7x 0.9x 1x 1.1x 1.3x 1.5x 1.7x 2x Questions and Answers Download PDF PDF Questions PDF Answers What is possession utility? The value or benefit that a customer receives from owning or possessing a product (correct) The value added to a product by changing its form or appearance The value added to a product by making it available at the right time The value added to a product by making it available in the right location What is an example of time utility? A retail store that is open late at night or on weekends (correct) The value or benefit that a customer receives from owning or possessing a product A bakery transforming basic ingredients into a beautiful and delicious cake A convenience store located near a busy highway exit What is an example of form utility? A bakery transforming basic ingredients into a beautiful and delicious cake (correct) A convenience store located near a busy highway exit A retail store that is open late at night or on weekends The value or benefit that a customer receives from owning or possessing a product