Production creates:

Name: Production creates:
Brand: Quizplus
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Question

Production creates:

Quizplus · Accepted Answer

Production creates form utility, which refers to the value added to a product by changing its form, such as transforming raw materials into finished goods. Time utility refers to the value added by making a product available when it is needed, possession utility refers to the value added by providing easy accessibility to a product, and marginal utility refers to the additional satisfaction or benefit gained from consuming one more unit of a product.

Production Creates