Which of the following is the BEST example of ownership utility?
A) A law firm believes that it will be more profitable it if owns rather than leases its office space.
B) A collectible item decreases in value over time.
C) A store sells a swimsuit to a customer.
D) A customer benefits from purchasing ski equipment at the beginning of the winter season.
E) A manufacturer purchases raw materials from a supplier to create products.

Question

Quizplus · Accepted Answer

Ownership utility refers to the satisfaction or value added to a product or service by transfer of ownership or title. When a store sells a swimsuit to a customer, the customer gains ownership of the product which provides the customer with the satisfaction of owning the product, and thus, ownership utility.

Which of the Following Is the BEST Example of Ownership