New Enroll in RBI Grade B New Batch - Starts on May 21

    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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