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Definitions from the WebTime UtilityDefinition: Time utility refers to the value or usefulness of a product or service based on the specific time it is made available or provided to consumers. It is a concept in marketing which emphasizes the importance of offering products or services at the right time to meet customer needs effectively. Senses:Sense 1: Marketing PerspectiveDefinition: Time utility from a marketing perspective is the idea that a product or service becomes more valuable or useful when it is made available to customers at the right time. Example: By launching the new smartphone just before the holiday season, the company capitalized on time utility and experienced a surge in sales. Usages:Usage 1: PopularDefinition: Time utility in popular use refers to the usefulness of a product or service due to the specific timing of its availability or provision. Example: The bakery's fresh bread in the mornings attracts a large customer base due to the time utility it provides to early risers. Usage 2: LocalDefinition: Time utility in a local context denotes the practicality or advantage of a product or service being available at a particular time based on the local community's needs or preferences. Example: The 24-hour pharmacy offers time utility to the local neighborhood since it provides medication and healthcare products even during late night emergencies. Related Products:If you are interested in exploring related products, you may want to check out the following options on Amazon: | ||||
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