what are the types of utilities created by a business?
Business basically creates three types of utility:
1. Form utility: It is created by changing the raw materials into final goods.
2. Place utility: It is created when goods are transported from one place to another.
3. Time utility: When goods are stored in warehouses so that they can be used later creates time utility.
1. Form utility: It is created by changing the raw materials into final goods.
2. Place utility: It is created when goods are transported from one place to another.
3. Time utility: When goods are stored in warehouses so that they can be used later creates time utility.