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What type of utility does warehousing provide to consumers by holding onto products until consumers need them?

A. Time
B. Ownership
C. Production
D. Form
E. Packaging

Answer :

Final answer:

Warehousing provides consumers with time utility by holding onto products until they are needed.

Explanation:

The type of utility that warehousing provides to consumers by holding onto products until consumers need them is time utility. Time utility refers to the value or benefit that consumers gain from having products available when they need them. By storing products in warehouses, companies are able to ensure that they have enough inventory to meet consumer demand in a timely manner.

For example, let's say a consumer wants to buy a new smartphone. Without warehousing, the consumer would have to wait for the smartphone to be manufactured and prepared for sale. However, with warehousing, the smartphones can be produced and stored in warehouses in advance, so when the consumer wants to purchase one, it is readily available.

Therefore, the correct answer to the question is A) time utility.

Learn more about time utility here:

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