Which of the following creates Form Utility? a) Industry b) Trade c) C...
Introduction
Form utility is one of the four types of utility that refers to the value added to a product or service by transforming raw materials into finished goods or enhancing the appearance or design of a product. This process includes various activities such as production, packaging, branding, and labeling. In this article, we will discuss which of the following creates Form Utility.
Commerce
Commerce refers to the exchange of goods and services between producers and consumers. It involves various activities such as buying and selling, transportation, warehousing, and advertising. Commerce plays a crucial role in creating form utility by adding value to products and services through various activities such as:
Production
Production involves transforming raw materials into finished goods by using various resources such as labor, capital, and technology. The production process adds value to a product by improving its quality, features, and functionality.
Branding
Branding is the process of creating a unique name, design, or symbol that identifies and differentiates a product from its competitors. A strong brand image creates form utility by enhancing the perceived value of a product and influencing consumer behavior.
Packaging
Packaging is the process of enclosing a product in a container or wrapper that protects and preserves it during transportation and storage. It also adds value to a product by enhancing its appearance, convenience, and safety.
Labeling
Labeling is the process of attaching a tag or sticker to a product that provides information about its contents, usage, and safety. It creates form utility by enhancing the perceived value of a product and helping consumers make informed decisions.
Conclusion
In conclusion, commerce creates form utility by adding value to products and services through various activities such as production, branding, packaging, and labeling. These activities not only improve the quality and functionality of a product but also enhance its appearance, convenience, and safety. As a result, they play a crucial role in attracting and retaining customers, increasing sales, and generating profits for businesses.
Which of the following creates Form Utility? a) Industry b) Trade c) C...
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