what is utility? write down types of utility
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the state of being useful, profitable, or beneficial
The four types of economic utility are form, time, place, and possession, whereby utility refers to the usefulness or value that consumers experience from a product.
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The four types of economic utility are form, time, place, and possession, whereby utility refers to the usefulness or value that consumers experience from a product. The economic utilities help assess consumer purchase decisions and pinpoint the drivers behind those decisions
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