The process of taking wool off sheep and using it to make soft sweaters shows how manufacturing can create __________ utility.
A)time
B)place
C)possession
D)market
E)form

Question

Quizplus · Accepted Answer

The process of taking wool off sheep and turning it into soft sweaters involves a change in the form of the wool, making it more useful and valuable for consumers. This is an example of form utility, which is the value added by creating a product from raw materials and transforming it into a finished good. Time utility refers to the value added by making a product available when it is needed, place utility refers to the value added by making a product available in a convenient location, possession utility refers to the value added by making a product easy to purchase and use, and market utility refers to the value added by offering a variety of products to meet different consumer preferences. None of these are necessarily demonstrated in the process of making wool into sweaters.

The Process of Taking Wool Off Sheep and Using It