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 time utility.
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Answer
When goods are not required they are stored in a godown and at the time o customers ‘ requirement it is provided this is called creation of time utility e.g. manufacturing of woolen cloth is carried on through out the year.
It is stored I the godown and when needed in winter, it is brought in the market.
same is the cause with umbrella, raincoat, kites etc.
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