Answer :
The answer that is most appropriate is "possession utility explanation." This kind of utility has to do with having physical possession of something, like newly purchased property. This individual is purchasing the property and becoming its owner.
The amount of usefulness or perceived value a consumer derives from owning a particular product and being able to use it as soon as possible is known as possession utility. This utility is based on the idea that customers should be able to use a product or service as soon as they can buy it or get it.
What is an illustration of location utility?
Because it links a specific location to a product or service, place utility can also be used to attract customers to that product or service. For instance, because of its association with the city as something foreign and, as a result, more appealing, American wine might be more appealing to them than French wine.
Learn more about possession utility here:
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