place utility

place utility definition - business

place utility

The usefulness of a good or service as a function of the location at which it is made available. For example, snowmobiles have greater place utility in Minnesota than in Mississippi. See also possession utility.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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