Suppose that you have no clean clothes, but you have a job interview tomorrow. You normally never use any other type of laundry detergent other than your regular brand. You find that it is currently sold out at your local convenience store, so you decide to buy the store brand because it best satisfies your need for
A) possession utility.
B) place utility.
C) time utility.
D) interval utility.
E) ownership utility.

Question

Quizplus · Accepted Answer

Time utility is created when goods or services are made available at the time they are needed or desired. In this scenario, buying the store brand detergent provides the utility of being able to wash your clothes in time for the job interview, despite your preferred brand being unavailable.

Suppose That You Have No Clean Clothes, but You Have