Question
State any two types of utilities created by business activities.

Answer

Business activities result in creation of utilities i.e.
  1. Form utility: Changing the form of raw material into finished product creates form utility.
  2. Place utility: From the place of production, transporting goods to the place of consumption results in place utility.
  3. Time utility: The process of storing the goods when not required to supplying them when required generates time utility.

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