Question

47. Ensuring the availability of the products and services as and when required by the customers is
utility.
(A) Form
(B) Time
(C) Possession
(D) Place​

Answer 1

Answer:

time is the best way to change something about ourselves

Answer 2

Option B) Time.

As a buyer, you always need to bear in mind that clients might request products and services from your business at any moment, therefore the availability of a product or service is dependent on time.

Time Utility:

• This kind of utility happens when a business offers products and services when clients want or need them.
• Businesses examine the best ways to design or maximize the time use of their products and modify the logistics of their manufacturing and delivery processes.

Product usefulness:

• The utility is the overall enjoyment or value you receive from using a specific good or service.
• Understanding utility values is essential for understanding why prices and demand for various things vary.
• Products with greater usefulness typically have greater demand, which allows them to fetch higher costs.

Options for Increasing Product Availability:

• How to Make Products More Available.
• Putting sales and operations planning to use.
• Ensure Accuracy of Records.
• Taking Charge.
• Operational Improvements Continuously.
• Fostering communication with partners.
• Motives for Increasing Product Availability
• Increasing conversion rates

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