Time utility is when goods are available immediately from the intermediary's stocks, thus ownership passes to the purchaser.

Name: Time utility is when goods are available immediately from the intermediary's stocks, thus ownership passes to the purchaser.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Time utility refers to the value added to a product by having it available at the time when it is needed or desired by consumers, which often involves intermediaries holding stock for immediate purchase.

Time Utility Is When Goods Are Available Immediately from the Intermediary's