(C) Complete the correlation : (5)
(1) Transportation of good : Place utility : : Furniture from wood :
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Answer is Time Utility .
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Furniture from wood : Time Utility
Moment or Time Utility is a marketing idea that states that consumers should be given items or services at the precise time they desire them, regardless of other variables or characteristics. The factor of time and 'when' the product or service is required determines its temporal usefulness.
Time Utility is one of the four types of economic utilities which are Form Utlity, Possession Utility, Place Utility and Time Utility.
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