Question

which of the following creates form utility a)industry b)commerce c)trade d) none of this

Answer 1

a) industry

.... is the right answer.

Answer 2

The Industry creates form utility.

• Utility means the satisfying power of a product or a service.
• Form utility means changing the shape size structure of a product or a commodity or putting the raw materials together to make it useful.
• The industry is a place where all the raw materials are used to make a final product with can be utilised by the consumer to satisfy his wants or needs. For example, a piece of cloth is made into a shirt. The shirt would be utilised by the consumer which would provide utility to him or her.