Question

Time Utility is created by
(a) Transportation. (b) Banking
( c) Warehousing. (d) Communication

Answer 1

Answer:

the utility is created by transportation

Answer 2

Answer: Option A - Time Utility is created by Transportation. Time utility is created by providing the easy and simplest availability of any goods or services during the time when consumers need them or want them.

Explanation:

1. Effective and good transportation can create the time utility by giving assurance that the products arrive where they are actually needed to reach and deliver at a time when they are needed.

2. The time utility exists when an organization increases the availability of any product so that consumers can purchase it during the time period which is most convenient for them and also desirable too.

3. An example of this would be a store that is open 24/7 hours– which provides a flexible time advantage over a normal supermarket store.