The value that is added to goods through a manufacturing or assembly process is:

Question

Quizplus · Accepted Answer

Form utility refers to the value that is added to goods through the transformation of raw materials into finished products. This value is created through the manufacturing or assembly process of the goods. Therefore, form utility is the most appropriate choice for this question. Place utility refers to the value that is added by having the goods available in a convenient location for customers. Time utility refers to the value that is added by having the goods available when customers want them. Possession utility refers to the value that is added by allowing customers to take ownership of the goods. While all of these types of utility may be important for the overall value of a product, only form utility relates specifically to the manufacturing or assembly process.

The Value That Is Added to Goods Through a Manufacturing