1.

Distinguish between Form Utility and Time Utility.

Answer»

Form Utility :

1. Form utility arises when the structure of given material changes. 

2. E.g. Furniture made out of wood. 

3. Technology and intelligence creates form utility.

Time Utility:

1. Time utility is created by changing the time of utilisation. 

2. E.g. Wheat stored during harvest season and released during off season.

3. Warehousing creates time utility.


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