Home
/
Business
/
Which type of utility ensures that a product or service is available when the consumer wants it? Form utility Place utility Time utility Possession utility

Question

Which type of utility ensures that a product or service is available when the
consumer wants it?
Form utility
Place utility
Time utility
Possession utility

Which type of utility ensures that a product or service is available when the consumer wants it? Form utility Place utility Time utility Possession utility

expert verifiedVerification of experts

Answer

4.7248 Voting
avatar
KerenMaster · Tutor for 5 years

Answer

C. Time utility

Explain

In marketing, utility refers to the value or benefit a consumer receives from a product or service. There are four types of utility: form, place, time, and possession. Time utility specifically ensures that a product or service is available when the consumer wants it. This type of utility is crucial for meeting consumer demand at the right moment, enhancing customer satisfaction and convenience.
Click to rate:

Hot Questions

More x