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State any two types of utilities …

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State any two types of utilities created by business activities

Posted by Harpreet Harpreet 6 years, 2 months ago

CBSE > Class 12 > Entrepreneurship

1 answers

Yogita Ingle 6 years, 2 months ago

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.

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