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 buyers and sellers by allowing them to store goods until they are needed or until the market conditions are favorable for selling. It also aids manufacturers in managing supply and demand by allowing them to produce goods in advance and store them until they are needed. Direct sourcing, containerization, and distribution may also provide benefits to buyers and sellers, but they do not specifically address time utility or supply and demand management.

Which of the Following Provides Time Utility to Buyers and Sellers