Only firms in the manufacturing sector can create true form utility.

Name: Only firms in the manufacturing sector can create true form utility.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Form utility can be created in any sector, not just manufacturing. Form utility is the added value that a firm creates by transforming raw materials into finished goods or incorporating different components to create a final product. Service industries also create form utility, for example, a hair salon creating a new hairstyle for a customer.

Only Firms in the Manufacturing Sector Can Create True Form