Wholesaling intermediaries create utility in the form of time, place, ownership, and, in certain cases, possession.

Question

Quizplus · Accepted Answer

Wholesaling intermediaries facilitate the distribution of goods from producers to retailers or other businesses, thereby creating time utility (by making products available when they are needed), place utility (by moving products closer to where they are needed), ownership utility (through the transfer of title), and in certain cases, possession utility (by assisting in the physical transfer of the product).

Wholesaling Intermediaries Create Utility in the Form of Time, Place