A snack vending machine located in a university building creates both ________ utility.

Question

Quizplus · Accepted Answer

Place utility is created when a product is made available to consumers in a convenient location. Time utility is created when a product is made available to consumers when they need it. A snack vending machine located in a university building creates both place and time utility because it makes snacks available to students in a convenient location and at a time when they need them.

A Snack Vending Machine Located in a University Building Creates