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

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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