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Question
Distinguish between (Any Three)
From Utility and Place Utility.
Solution
Form Utility and Time Utility.
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Form Utility
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Place Utility
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It is created by changing the form of raw materials.
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It is created by transport of commodity from one place to another.
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It is created by converting raw material in the form of finished goods.
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It is created by shifting place of consumption.
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E.g. Carpenter prepares chair from the piece of wood.
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E.g. Apple transported from Kashmir to Mumbai
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It is created by producer.
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It is created by transporter.
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