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Outline the different types of utilities.

      

Outline the different types of utilities.

  

Answers


joseph
a. Form utility – this is changing the form of a commodity from its raw material to finished goods.
b. Time utility – this created when goods are stored until when it is appropriate for it to be /them to be used.
c. Place utility – this is bridging the geographical gap between the producer of a commodity and its consumers through transportation. For example transporting text books and exercise books from a bookshop to school.
d. Possessive utility- this refer to the transfer of ownership of goods and services from one person to another. This can be done through trade.

joseph rimiru answered the question on November 22, 2017 at 19:30


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