63.5k views
0 votes
What is possession utility?

a. The value added to a product by making it available when the consumer wants it
b. The value added to a product by transferring ownership to the consumer
c. The value added to a product by making it available in a location where a consumer can easily find it
d. The value added to a product by providing the consumer with useful information

User Babacar
by
6.1k points

1 Answer

4 votes

b.) The Value added to a product by transferring ownership to the customer.

is the answer

Step-by-step explanation:

Possession utility explains and possibly contains the gratification that arises from owning a product or using a service. Buying and selling of anything include the change of ownership from one to another. Possession utility is what lets customers asses what they purchased. Having versatile choices for payment is one way to make possession simple for customers. Other methods can be how the product is delivered, how quickly it is delivered. Possession utility gets down to knowing how people relish what they have and what they give others. Although possession utility is peculiar, it is also significant and usually results after some kind of legal exchange.

User Brian Hodge
by
5.7k points