Time Utility

What does the term 'Utility' mean?

• A) A type of service

• B) Usefulness to consumers

• C) A financial term

• D) A measurement unit

What is 'Form Utility'?

• Making basic changes to the product through production

• Storing products for future use

• Transporting products to different locations

• Selling products to consumers

What is 'Time Utility'?

• Making products available at the right time of day and proper time of year

• Making products available at the lowest cost

• Making products available in the right location

• Making products available with the best quality

What is 'Place Utility'?

• Making product available for sale in an appropriate location

• Making product available at the right time

• Making product available at the right price

• Making product available with the right promotion

What is the purpose of Information Utility?

• To entertain consumers

• To inform consumers about important facts of the product

• To confuse consumers

• To sell products

What is possession utility?

• The value added to a product by having it available at a convenient location.

• The value added to a product by making it available when needed.

• The value added to a product by transferring ownership to the consumer.

• The value added to a product by improving its quality.

A business that begins selling winter holiday decorations in late autumn is creating what type of utility?

• time
• place
• form
• possession 

Utility is the cause of consumption, ______ is the end result of consumption.

• satisfaction

• disutility

• dissatisfaction

• total utility