Question

Every year, a manufacturer in Milwaukee, WI, makes raincoats and employs its own fleet of vans to make the product available in stores across coastal Oregon and Washington State just when the rainy season begins in those parts of the United States. The manufacturer is creating ______.

a. form and place utility, but not time utility
b. time and place utility, but not form utility
c. form, time, and exchange utility
d. form, time, and place utility

Answer 1

The correct option is d. form, time, and place utility

Step-by-step explanation:

In business, form utility can be described as a method in which a product is made ready for consumption so that is sold more and hence raises the economic value.

In business, time utility can be described as a strategy when a manufacturer knows that at which time hos product will be sold more and hence, he takes steps to increase his sale during that time.

In business, place utility is a strategy used by manufacturers to make their products readily available to customers so that they can be sold more.

The manufacturer mentioned in the question is using all these steps.