Question

Storing milk creates

• A. Form utility
• B. Place Utility
• C. Possession utility
• D. Time utility

Hint:

Storage bridges the gap between when a product is made and when it is consumed.

Answer 1

The Correct Option is D

Step 1: Form utility comes from processing or changing the physical form of a product, place utility comes from moving it to where it is needed, and possession utility comes from transferring ownership to the buyer.
Step 2: Storing milk does none of these, it simply holds the milk from the time of production until it is needed later.
Step 3: Bridging this gap between production time and consumption time is exactly what time utility means.