Producers normally provide form utility, but retailers sometimes also provide this type of utility.

Question

Quizplus · Accepted Answer

Form utility refers to the process of converting raw materials or inputs into finished goods or products that have greater value and usability for consumers. This is typically done by producers. However, retailers can also provide form utility by assembling or customizing products to meet the specific needs or preferences of their customers. For example, a bike shop may offer custom builds or modifications to standard bikes, adding value and convenience for their customers.

Producers Normally Provide Form Utility, but Retailers Sometimes Also Provide