A product that provides the utmost in convenience is said to offer exceptional: Select one: a. form and place utility. b. time and possession utility. c. form and time utility. d. time and place utility. e. place and possession utility. quiz

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Business

Lana Potts

24 September, 10:46

A product that provides the utmost in convenience is said to offer exceptional: Select one: a. form and place utility. b. time and possession utility. c. form and time utility. d. time and place utility. e. place and possession utility. quiz

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Answers (1)

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Arielle Strickland · Answer 1

Answer: d) time and place utility

Explanation:

Time utility is the process through which product or service is provided to the consumer at the time of requirement without any delay. Availability of product is on-time in this service.

Place utility is defined as easy availability of the product or service for the customer so that reach is not complex.

Therefore, if any product is extremely convenient then it is supposed to persist time utility and place utility for the consumer.

Other options are incorrect because form utility and possession utility are not the offering factors of product that tends to offer maximum convenience. Thus, the correct option is option (d).