Redbox places vending machines at local convenience and grocery stores that allow customers to rent and return popular DVDs 24 hours a day. This creates both and utilities.

The correct answers are "place" and "time".

Explanation: This creates both place and time utilities because by placing vending machines in convenience stores and supermarkets, people have the opportunity to benefit by saving time since they can buy food and DVDs in the same place.

Time and place utilities

Explanation:

Utility is a parameter used in measuring the level of satisfaction a consumer derives from the consumption of  a given quantity of goods or services.It assesses how a well the need of a consumer is met from purchases made.

The satisfaction is measured in utils.

Time utility refers the timeliness involved in making a product or service to  consumers as at the exact time the goods or services are required, a typical example is when a supermarket opens to customers on public holidays when other shops are under locks and keys.

Place utility adds the location dimension to customers' satisfaction in that the goods or services are made available at the point it is required.

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