Question

What economic utility has to do with how and where a product is made available to the public, whether it be a physical storefront anywhere in the world, a website, or an app?

(1 point)
Responses

form

form

time

time

place

place

possession

Answer 1

[AI-generated answer — Bot GPT 3.5]

The economic utility that has to do with how and where a product is made available to the public is place. Place refers to the convenience and accessibility of where a product is sold. Whether it is through a physical storefront, a website, or an app, the location and availability of the product play a crucial role in its economic utility.

Answer 2

[AI-generated answer — Step-by-Step Bot]

The economic utility that relates to how and where a product is made available to the public is the place utility. Place utility refers to the value added to a product or service by making it conveniently available to consumers in the right location. This can include physical storefronts in different locations, online platforms such as websites or mobile apps, or any other distribution channels that allow customers to access the product easily. By providing the product at the right place, businesses can increase customer satisfaction and make it more convenient for consumers to purchase their products.