Question

An element of marketing mix, which creates utilities of time, place and possession:

Options

• Place

• Product

• Promotion

• Price

Answer 1

Place

Explanation:

The "Place" element of the marketing mix is responsible for creating the utilities of time, place, and possession by ensuring that products are available where and when customers need them. This includes the distribution channels and logistics involved in getting the product from the manufacturer to the end consumer, thereby facilitating the transfer of ownership and making the product accessible.