Question

1 "Godown creates time utility” - Discuss.
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Answer 1

Answer:

A warehouse creates time utility by bringing the time gap between the production and consumption of goods. It helps in making available the goods whenever required or demanded by the customers

Explanation:

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Answer 2

Answer:

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Explanation:

It does not guarantee that loss will not occur Such goods are stored in the godown. Entire amount of life insurance is to be paid to the legal heir in case of death. ... This creates time utility of goods as they can be supplied at any time from the godown.