Albertsons Supermarket accepts debit and credit cards as well as cash and checks for purchases. Its acceptance of various forms of payment provides its customers with __________ utility.

Question

Quizplus · Accepted Answer

Possession utility refers to the value that a customer derives from being able to take possession of a product or service. Accepting multiple forms of payment enhances possession utility as it allows customers to purchase products using the payment method that is most convenient for them.

Albertsons Supermarket Accepts Debit and Credit Cards as Well as Cash