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    • Question

      Transfer of Ownership is an example of which

      utility
      A Time Utility Correct Answer Incorrect Answer
      B Place Utility Correct Answer Incorrect Answer
      C Possession utility Correct Answer Incorrect Answer
      D Form Utility Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      The transfer of ownership is an example of possession utility. Possession utility refers to the value or utility added to a product or service by transferring its ownership to the customer. It is one of the types of utility in marketing, along with time, place, and form utility.

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