The value to consumers that comes from the production or alteration of a good or service constitutes __________ utility.
A)time
B)place
C)possession
D)market
E)form

Question

Quizplus · Accepted Answer

Form utility is the value that comes from the production or alteration of a good or service's physical form, such as changing raw materials into a finished product or designing a product to better fit consumers' needs. Time, place, possession, and market utility are all different types of value that can be added to a good or service, but they are not directly related to the physical form of the product.

The Value to Consumers That Comes from the Production or Alteration