_____ utility is created when the business firm converts raw materials into finished goods and services.
A)Form
B)Ownership
C)Exchange
D)Place

Question

Quizplus · Accepted Answer

Form utility is created when a business firm converts raw materials into finished goods and services. This means that through a process of production, a raw material is transformed into a product that is useful to consumers. For example, wheat is transformed into bread or flour, which has more value and utility for consumers. Therefore, choice A is the best answer. The other choices (ownership, exchange, and place) do not apply to the process of converting raw materials into finished goods and services.

_____ Utility Is Created When the Business Firm Converts Raw