How do wholesalers and retailers create time utility for the customer?
A) by providing items in a convenient location
B) by providing items at a lower price
C) by creating the goods and services customers need
D) by eliminating the need for the customer to contact each manufacturer
E) by providing an efficient process for transferring products
Answer: D
Explanation: They provide the items customers need in a convenient location (place utility), they save customers the time of having to contact each manufacturer to purchase a good (time utility), and they provide an efficient process for transferring products from the producer to the customer (possession utility).
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