A snack vending machine located in a university building creates both time and place utility.
When a consumer demands or needs goods or services, time utility occurs. At this time the company needs to analyze how to create or maximize the production process, manufacture faster as well as deliver rapidly. For example, a supermarket may open on weekends if the customer mostly shops for groceries or home items at that period of time. Whereas place utility is making goods or services at a certain place that can allow customers to easily have products. It helps in increasing convenience for the customers and they get more attracted to the business.
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