Time, place, and possession utility have no real value in terms of money.

Question

Quizplus · Accepted Answer

Time, place, and possession utility are all important factors in determining the value of a product or service. For example, a product that is available in a convenient location and at the right time will generally be more valuable to consumers, and as a result it may command a higher price. Similarly, a product that offers useful features or functions that are not available elsewhere may be more valuable to consumers, and may also command a higher price. Therefore, time, place, and possession utility can all have a significant impact on the value of a product or service, and they do have real value in terms of money.

Time, Place, and Possession Utility Have No Real Value in Terms