The utility that is created by moving goods from surplus points to points where demand exists is referred to as:

Question

Quizplus · Accepted Answer

The definition of utility involves providing value or benefit to the customer. In this case, the utility created by moving goods from surplus points to points where demand exists involves increasing the accessibility and availability of the goods to potential customers. This is primarily addressing the "place" element of the marketing mix, which involves the distribution and location of products or services. Therefore, the best choice is B) place. The other options are different types of utility: form utility involves transforming raw materials into finished products; time utility involves making products available at the desired time; and possession utility involves making it easy for customers to purchase and take ownership of products.

The Utility That Is Created by Moving Goods from Surplus