Asked by Jeancarlos Chavarro on May 10, 2024
Verified
A product that provides the utmost in convenience is said to offer exceptional:
A) time and place utility.
B) place and possession utility.
C) time and possession utility.
D) form and time utility.
E) form and place utility.
Utility
The total satisfaction or benefit derived from consuming a good or service.
Convenience
The aspect of a product or service that relates to the ease of use and the degree to which it saves time and effort for the consumer.
- Understand the concept of utility and how it relates to customer satisfaction.
Verified Answer
SG
Shomi GhoshMay 14, 2024
Final Answer :
A
Explanation :
Time and place utility refers to the convenience offered by a product in terms of when and where it is available, aligning with the definition of providing the utmost in convenience.
Learning Objectives
- Understand the concept of utility and how it relates to customer satisfaction.