Question

Which economic utility increased when fast-food restaurants began accepting credit.

a. place utility
b. information utility
c. possession utility
d. form utility

Answer 1

C. Possession utility

Answer 2

Possession utility

Step-by-step explanation:

Possession utility is the value consumers derive from purchasing a good and there is an option for them to make use of the good for the primary function it was made to perform or when it is possible to make use of the good in another way.

The possession utility of a product can increase when a customer is given a means of finance that affords him an immediate enjoyment of a commodity by paying little or no money for it.

Therefore, possession utility increased when fast-food restaurants began accepting credit.