Question

Which utility is created when goods are carried out from the place of production to consumer

Answer 1

Answer:

Place Utility.

Explanation:

There are many types of utilities which exist. In the case of transportation of goods, "place utility" takes place.

When goods are carried from one place to another, i.e, from their place of production to their place of consumption, this specific type of utility gets created.

This type of utility usually exists in situations where there is "lack of products" or scarcity in common language.  

Answer 2

Place utility is created when goods are carried out from the place of production to consumer.

Explanation:

• Place utility is when the organizations make goods and services accessible or available to the customers.  

• The company gains a competitive advantage by value-adding the benefit of accessibility for the customers.  

• The customers look for convenience in accessing goods from the organization and that is why online trading through e-commerce is becoming very popular.  

• It is necessary for the companies to make the product available in a number of stores and locations for the convenience of the customers.

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