Question

Time utility involves . . .? a. Getting things to a customer early, so they can get their projects completed sooner. b. Getting things to a customer exactly when needed. c. Reducing wasted time in the supply chain. d. All of the above

Answer 1

Answer:

B is the correct option.

Explanation:

It is the utility when the company tries to maximize the availability of the product for sale during the time which is most convenient for the customers. Most of the companies analyze for the creation and the maximization of their product's time utility. They also adjust their production process according to it. The creation of time utility involves deciding the number of hours and days a company wants to make its services available to the customers.