Briefly Explain and Discuss the Five Types of Utility

question 18

Essay

Briefly explain and discuss the five types of utility. Which type(s) of utility is(are) the most important and why?

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Definitions:

Personal Care Products

Items intended for personal hygiene and beauty care, such as cosmetics, skincare products, haircare products, and toiletries.

Off-price Retailers

Stores that sell high-quality merchandise at lower prices, often through purchasing overstock items or past seasons' goods.

Generation Z

The demographic cohort following Millennials, typically defined as those born from the mid-1990s to the early 2010s.

Digital Technologies

Electronic tools, systems, devices, and resources that generate, store, or process data.