________ utility is the value added by the creation of finished goods and services using raw materials, components, and other inputs.
A) Manufacturing
B) Marginal
C) Consumption
D) Form

Question

Quizplus · Accepted Answer

Form utility refers to the value addition by converting the raw materials, components, and other inputs into finished goods and services that are desired by consumers. It includes activities such as processing, assembling, packaging, and branding. Manufacturing is a broader term that encompasses all the activities involved in producing goods. Marginal utility refers to the additional satisfaction derived from consuming an extra unit of a particular product or service. Consumption utility is the satisfaction or pleasure derived from consuming a product or service. Therefore, the correct answer is D.

________ Utility Is the Value Added by the Creation of Finished