Which of these has the
purpose of creating time
utility?
(a)transferring sand from the sea
(b)shore to construction site
foodgrains stocked by the FoodCorporation of India
(c)converting raw material into
finished goods
(dconverting cotton yarn into cloth
Answers
Answer:
converting raw materials into finished goods
Explanation:
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(c) Converting raw material into finished goods has the purpose of creating time utility.
Explanation:
Industry refers to all economic activities that involve the transformation of raw materials into finished products that are eventually consumed by customers.It includes the following:
(a) the production of goods, which is associated with the transformation of resources into useful goods.
(b) product cultivation, production, processing, assembly, extraction, construction, fabrication, breeding, and so on.
(c) enhancing the utility of items through the use of mechanical devices and technical knowledge.
(d) a collection of businesses that produce similar or related goods, such as the textile or film industries.