Multiple Select QuestionSelect all that applyWhich form of utility is added by marketing intermediaries who make products available when they are needed?Multiple select question.TimeForm utilityPossession utilityPlace utility
Question
Multiple Select QuestionSelect all that applyWhich form of utility is added by marketing intermediaries who make products available when they are needed?Multiple select question.TimeForm utilityPossession utilityPlace utility
Solution
The correct answers are:
- Time
- Place
Explanation:
Time utility refers to having a product or service available when customers want it. Marketing intermediaries, such as retailers, can add time utility by extending store hours or offering products online for purchase at any time.
Place utility refers to having a product or service available in a location where customers want it. Marketing intermediaries can add place utility by having physical locations in areas convenient for customers or by offering online shopping, which allows customers to buy products from any location.
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