The value to consumers that comes from making an item easy to purchase through the provision of credit cards and financial arrangements constitutes _________ utility.
A)time
B)place
C)possession
D)market
E)form

Question

Quizplus · Accepted Answer

The definition provided describes possession utility, which refers to the value that comes from making a product easily accessible to consumers through credit cards and financing options. Time, place, market, and form utilities refer to different aspects of the value that a product or service provides to consumers, such as convenience, location, availability, and the characteristics of the product or service itself.

The Value to Consumers That Comes from Making an Item