Which type of utility is created by industry class 11?

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Solution

Time utility: A warehouse creates time utility by bringing the time gap between the production and consumption of goods. It helps in making available the goods whenever required or demanded by the customers.

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Which type of utility is created by industry class 11?

Which type of business service is used create place utility?

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Transportation

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Which utility is created by industries?

FORM UTILITY IS CREATED IN INDUSTRY. INDUSTRY CONVERTS RAW MATERIALS INTO USABLE FINISHED GOODS.

What are the types of utility created by a business class 11?

There are four types of utility: form, place, time and possession; together, they help to create customer satisfaction..
Form- Form refers to the product or service you offer your customers. ... .
Place- The utility of place refers to the availability of a product or service in a location that is convenient to your customers..

Which of the following creates class 11 utility?

The Industry creates form utility.

Which of the following utility can be created by manufacturing?

Production of any commodity creates some satisfaction or utilities of form, time and place. Production is not possible without the utility of form, time and place. Was this answer helpful?

What are the utilities of business?

Utility Business means the generation or transmission of electricity or furnishing of gas or furnishing electricity or furnishing rate-regulated communications services to the public for compensation.