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Nature, Purpose and scope of Business — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMNature, Purpose and scope of Business2 Marks
Question
Give two examples of place utility creation.
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Answer

  • Place utility is created by transporting product to the place of consumer from the place where it is produced e.g. Green coconut are through in to city from sea- shore where it is grown.
  • Fruits are brought to residential area from farm, product manufactured in a factory is brought in the market.

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