The utility created by transferring ownership of a product to a buyer is called ____ utility.
A) form
B) place
C) time
D) possession
E) ownership

Name: The utility created by transferring ownership of a product to a buyer is called ____ utility. A) form B) place C) time D) possession E) ownership
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Question

Quizplus · Accepted Answer

Possession utility is created when ownership of a product is transferred to a buyer. This utility reflects the value customers attach to being able to take immediate possession of a product.

The Utility Created by Transferring Ownership of a Product to a Buyer