Question
Possession utility is created when:
A product is delivered quickly
A product is made from raw materials
A product is advertised
A product is made available for purchase
A product is delivered quickly
A product is made from raw materials
A product is advertised
A product is made available for purchase
Answers
GPT-4o mini
Possession utility is created when a product is made available for purchase. It refers to the value added to a product that allows consumers to take ownership of it, facilitating their ability to acquire and use the product. This can involve various factors, such as payment options and the ease of transaction, enabling consumers to effectively possess the item.