Production and marketing of goods and services are two basic functions that create utility.

Name: Production and marketing of goods and services are two basic functions that create utility.
Brand: Quizplus
Rating: 4.7 (34 reviews)

Question

Quizplus · Accepted Answer

Production creates form utility by converting raw materials into finished goods, while marketing creates time, place, and possession utilities by ensuring that goods are available to consumers when and where they want them, and facilitating the transfer of ownership.

Production and Marketing of Goods and Services Are Two Basic