Which of the following provides time utility to buyers and sellers and aids manufacturers in managing supply and demand?

Question

Quizplus · Accepted Answer

Storage provides time utility to both buyers and sellers as it allows them to store goods until they are needed or until demand picks up. It also allows manufacturers to manage supply and demand by storing excess inventory during times of low demand and releasing it during times of high demand. Distribution and channelization refer to the methods of getting goods to the customer, while direct sourcing refers to purchasing goods directly from the manufacturer without intermediaries.

Which of the Following Provides Time Utility to Buyers and Sellers