Possession Utility Is Best Described as

question 54

Multiple Choice

Possession utility is best described as

• A)products being available in places where the customers wish to purchase them.
• B)the customer having access to the product to use now or store and use later.
• C)having a company's products available when a customer needs them.
• D)being able to legally own a product despite restrictions on trade.
• E)getting the products to the consumers in as short of time as possible for ownership.

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Definitions:

Prove Profitable

To demonstrate or confirm that an activity, investment, or venture is generating a financial profit or benefit.

Product-line Extension

The addition of new products to an existing line, offering customers new choices and expanding the product range.

Blueberry Cheerios

A flavor variety of Cheerios cereal that incorporates the taste of blueberries.

General Mills

A multinational manufacturer and marketer of branded consumer foods sold through retail stores.