The utility in the given statement Introduction: The benefit which the consumer gets from the purchase of a product is termed as utility.

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Answer 1

Question

Chapter 15, Problem 1AMK

Summary Introduction

To identify: The utility in the given statement

Introduction:

The benefit which the consumer gets from the purchase of a product is termed as utility.

Expert Solution & Answer

Explanation of Solution

Given information:

CC Company stores chemicals at large quantities. The company blends the chemicals as per the customer’s request and company delivers it within 24 hours to the customers from the time of order.

Explanation:

Retailers provide various utilities as follows:

Time utility
Place utility
Form utility
Possession utility
Time utility refers to the availability of the time given to the consumers to avail the services of the retailers that is it can be open of 24/7.
Place utility refers to the location of the stores.
Form utility refers to the alteration or production of goods and services to match the customer’s specification.
Possession utility refers to the facilities of possible purchase that is door delivery.

Here, the company uses the time utility to deliver the orders to the customers with the 24 hours of ordering. When a product is delivered by the retailer to the warehouse of the customer, then it is possession utility. The company uses form utility when it blends the chemicals according to their specifications.

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Students have asked these similar questions

A distributor for Celanese Chemical Company stores large quantities of chemicals, blends these chemicals to satisfy the requests of customers, and delivers the blends to a customer’s warehouse within 24 hours of receiving an order. What utilities does this distributor provide?

A distributor for Celanese Chemical Company stores large quantities of chemicals, blends these chemicals to satisfy the requests of customers, and delivers the blends to a customer's warehouse within 24 hours of receiving an order.What utilities does this distributor provide?

A distributor for Celanese Chemical Company stores large quantities of chemicals, blends these chemicals to satisfy the requests of customers, and delivers the blends to a customer’s warehouse within 24 hours of receiving an order. What utili- ties does this distributor provide?

Answer 2

Question

Chapter 15, Problem 1AMK

Summary Introduction

To identify: The utility in the given statement

Introduction:

The benefit which the consumer gets from the purchase of a product is termed as utility.

Expert Solution & Answer

Explanation of Solution

Given information:

CC Company stores chemicals at large quantities. The company blends the chemicals as per the customer’s request and company delivers it within 24 hours to the customers from the time of order.

Explanation:

Retailers provide various utilities as follows:

Time utility
Place utility
Form utility
Possession utility
Time utility refers to the availability of the time given to the consumers to avail the services of the retailers that is it can be open of 24/7.
Place utility refers to the location of the stores.
Form utility refers to the alteration or production of goods and services to match the customer’s specification.
Possession utility refers to the facilities of possible purchase that is door delivery.

Here, the company uses the time utility to deliver the orders to the customers with the 24 hours of ordering. When a product is delivered by the retailer to the warehouse of the customer, then it is possession utility. The company uses form utility when it blends the chemicals according to their specifications.

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Answer 3

Question

Chapter 15, Problem 1AMK

Summary Introduction

To identify: The utility in the given statement

Introduction:

The benefit which the consumer gets from the purchase of a product is termed as utility.

Expert Solution & Answer

Explanation of Solution

Given information:

CC Company stores chemicals at large quantities. The company blends the chemicals as per the customer’s request and company delivers it within 24 hours to the customers from the time of order.

Explanation:

Retailers provide various utilities as follows:

Time utility
Place utility
Form utility
Possession utility
Time utility refers to the availability of the time given to the consumers to avail the services of the retailers that is it can be open of 24/7.
Place utility refers to the location of the stores.
Form utility refers to the alteration or production of goods and services to match the customer’s specification.
Possession utility refers to the facilities of possible purchase that is door delivery.

Here, the company uses the time utility to deliver the orders to the customers with the 24 hours of ordering. When a product is delivered by the retailer to the warehouse of the customer, then it is possession utility. The company uses form utility when it blends the chemicals according to their specifications.

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Answer 4

Question

Chapter 15, Problem 1AMK

Summary Introduction

To identify: The utility in the given statement

Introduction:

The benefit which the consumer gets from the purchase of a product is termed as utility.

Expert Solution & Answer

Explanation of Solution

Given information:

CC Company stores chemicals at large quantities. The company blends the chemicals as per the customer’s request and company delivers it within 24 hours to the customers from the time of order.

Explanation:

Retailers provide various utilities as follows:

Time utility
Place utility
Form utility
Possession utility
Time utility refers to the availability of the time given to the consumers to avail the services of the retailers that is it can be open of 24/7.
Place utility refers to the location of the stores.
Form utility refers to the alteration or production of goods and services to match the customer’s specification.
Possession utility refers to the facilities of possible purchase that is door delivery.

Here, the company uses the time utility to deliver the orders to the customers with the 24 hours of ordering. When a product is delivered by the retailer to the warehouse of the customer, then it is possession utility. The company uses form utility when it blends the chemicals according to their specifications.

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Answer 5

Chapter 15, Problem 1AMK

Summary Introduction

To identify: The utility in the given statement

Introduction:

The benefit which the consumer gets from the purchase of a product is termed as utility.

Expert Solution & Answer

Explanation of Solution

Given information:

CC Company stores chemicals at large quantities. The company blends the chemicals as per the customer’s request and company delivers it within 24 hours to the customers from the time of order.

Explanation:

Retailers provide various utilities as follows:

Time utility
Place utility
Form utility
Possession utility
Time utility refers to the availability of the time given to the consumers to avail the services of the retailers that is it can be open of 24/7.
Place utility refers to the location of the stores.
Form utility refers to the alteration or production of goods and services to match the customer’s specification.
Possession utility refers to the facilities of possible purchase that is door delivery.

Here, the company uses the time utility to deliver the orders to the customers with the 24 hours of ordering. When a product is delivered by the retailer to the warehouse of the customer, then it is possession utility. The company uses form utility when it blends the chemicals according to their specifications.

Answer 6

Chapter 15, Problem 1AMK

Summary Introduction

To identify: The utility in the given statement

Introduction:

The benefit which the consumer gets from the purchase of a product is termed as utility.

Expert Solution & Answer

Explanation of Solution

Given information:

CC Company stores chemicals at large quantities. The company blends the chemicals as per the customer’s request and company delivers it within 24 hours to the customers from the time of order.

Explanation:

Retailers provide various utilities as follows:

Time utility
Place utility
Form utility
Possession utility
Time utility refers to the availability of the time given to the consumers to avail the services of the retailers that is it can be open of 24/7.
Place utility refers to the location of the stores.
Form utility refers to the alteration or production of goods and services to match the customer’s specification.
Possession utility refers to the facilities of possible purchase that is door delivery.

Here, the company uses the time utility to deliver the orders to the customers with the 24 hours of ordering. When a product is delivered by the retailer to the warehouse of the customer, then it is possession utility. The company uses form utility when it blends the chemicals according to their specifications.

Answer 7

Chapter 15, Problem 1AMK

Summary Introduction

To identify: The utility in the given statement

Introduction:

The benefit which the consumer gets from the purchase of a product is termed as utility.

Answer 8

Expert Solution & Answer

Explanation of Solution

Given information:

CC Company stores chemicals at large quantities. The company blends the chemicals as per the customer’s request and company delivers it within 24 hours to the customers from the time of order.

Explanation:

Retailers provide various utilities as follows:

Time utility
Place utility
Form utility
Possession utility
Time utility refers to the availability of the time given to the consumers to avail the services of the retailers that is it can be open of 24/7.
Place utility refers to the location of the stores.
Form utility refers to the alteration or production of goods and services to match the customer’s specification.
Possession utility refers to the facilities of possible purchase that is door delivery.

Here, the company uses the time utility to deliver the orders to the customers with the 24 hours of ordering. When a product is delivered by the retailer to the warehouse of the customer, then it is possession utility. The company uses form utility when it blends the chemicals according to their specifications.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 15.1 - Prob. 15.1LO Ch. 15.1 - Prob. 15.1LR Ch. 15.1 - Prob. 15.2LR Ch. 15.2 - Prob. 15.2LO Ch. 15.2 - Prob. 15.3LR Ch. 15.2 - Prob. 15.4LR Ch. 15.2 - Prob. 15.5LR Ch. 15.3 - Prob. 15.3LO Ch. 15.3 - Prob. 15.6LR Ch. 15.3 - Prob. 15.7LR

The utility in the given statement Introduction: The benefit which the consumer gets from the purchase of a product is termed as utility.

Concept explainers

To identify: The utility in the given statement

Introduction:

The benefit which the consumer gets from the purchase of a product is termed as utility.

Explanation of Solution

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Chapter 15 Solutions

The utility in the given statement Introduction: The benefit which the consumer gets from the purchase of a product is termed as utility.

Concept explainers

To identify: The utility in the given statement Introduction: The benefit which the consumer gets from the purchase of a product is termed as utility.

Explanation of Solution

Want to see more full solutions like this?

Chapter 15 Solutions

To identify: The utility in the given statement

Introduction:

The benefit which the consumer gets from the purchase of a product is termed as utility.