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Following are the various types of utility
and their respective examples. Arrange the
information in the form of pairs:
Types of utility : Time utility, possession
utility, service utility and place utility.
Examples: 1) A dentist giving dental
treatment to a patient.
2) A mountaineer using oxygen cylinder at
a high altitude.
3) A farmer selling rice stored in the
warehouse at the end of the season.
4) A retail trader purchasing 100 chairs
from the wholesale trader.
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Answer:
1. Service Utility
2. Place Utility
3. Time Utility
4. Possession Utility
Explanation:
The answers to each of these utilities are completely related to the kind of situations which has been prescribed.
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