Ryan pays a market rate to take his young children to daycare that is run by his employer.It is open until 7:00 p.m.,a time by which everyone leaves.This service offered by his company offers ________________ utility.

Question

Quizplus · Accepted Answer

The three utilities-time, place, and ownership-are created by marketing. They are created when products are available to customers at a convenient location when they want to purchase them, and facilities of exchange are available that allow for transfer of the product ownership from seller to buyer.

Ryan Pays a Market Rate to Take His Young Children