place utility
nounUK /pleɪs juːˈtɪləti/
US /pleɪs juːˈtɪləti/
Place utility is when something is more useful because it is in the right spot.
Putting the water bottles next to the soccer field gives them place utility.
OTHER MEANINGS
2. In economics, the added value created by moving a good to a location where it is wanted.
Shipping bananas to a cold country creates place utility.
3. In marketing, the benefit customers get from a product being available where they need it.
The vending machine in the lobby offers place utility to busy workers.
4. In urban planning, the advantage of a site's location for a particular use.
The corner lot has high place utility for a coffee shop.