Download App

Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Planning3 Marks
Question
Explain the forms of utilities which are resulted from business.
✓

Answer

Business activities result in creation of following utilities:
  1. Form Utility: Changing the form of raw material into finished product.
  2. Place Utility: From the place of production transporting goods to the place of consumption.
  3. Time Utility: The process of storing the goods when not required to supplying them when required.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Entrepreneurial Planning→Entrepreneurial Planning — all question types→Entrepreneurship STD 12 Commerce question papers→CBSE Board STD 12 Commerce question papers→CBSE Board question paper generator→

Similar questions

What is pro-rata allotment and how to calculate the amount of it? Give one example.
→
If Tata Fertilisers Ltd. (TFL) take-up by Tata Chemicals Ltd. (TCL). TFL transferred its assets, liabilities and shares to TCL. Identify the type of merger and explain the same.
→
Why is environment an important factor for entrepreneurship?
→
Differentiate between cash flow projection and cash flow statement.
→
State any two features of 'Factoring' as a source of finance.
→
Write down the formula for calculating the weighted average contribution margin per unit for the sales mix.
→
Enumerate two important points that an entrepreneur has to ensure before selecting an opportunity.
→
Answer each of these questions in about fifteen words:
How will you differentiate between financial market with other market? Give one difference.
→
State any four basic functions involved in 'selling' as a function of exchange.
→
What are the rules for advertising?
→