Question
The value to a consumers from changing the composition of a product is:
A. Place Utility
B. Time Utility
C. Form Utility
D. Ownership Utility
A. Place Utility
B. Time Utility
C. Form Utility
D. Ownership Utility
Answers
GPT-4o mini
The value to consumers from changing the composition of a product is referred to as **C. Form Utility**. Form utility is created when a product is transformed into something that is more valuable to consumers, reflecting changes in its physical characteristics or composition.