Which utility is created when a product is made available in a convenient location?

The correct choice focuses on "Place Utility," which is defined as the value added to a product when it is made available in a location that is convenient for consumers. This concept emphasizes the importance of accessibility in the marketing and distribution process. For instance, if a grocery store places their products at an easily reachable section of the store or has multiple branches in different neighborhoods, they are enhancing the place utility of those products. This leads to increased likelihood of purchase, as consumers prefer products that are conveniently located.

In contrast, form utility relates to the transformation of raw materials into finished goods, time utility refers to making products available when they are needed, and task utility is associated with assisting consumers in performing necessary tasks or services. Each of these utilities serves a different purpose in the overall utility function, but in this case, the focus is specifically on the geographical convenience that place utility provides.