What is created when the ownership of a product,including the setting of selling prices,terms of credit,and ownership documentation is transferred to a customer?
A) Place utility
B) Time utility
C) Value utility
D) Possession utility
E) Form utility

Question

Quizplus · Accepted Answer

Possession utility refers to the transfer of ownership and control of a product to the customer, including setting selling prices, terms of credit, and ownership documentation.

What Is Created When the Ownership of a Product,including the Setting