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Questions and Answers
What is possession utility?
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?
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?
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
