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Question
Read the above image and identify the type of utility created.
Options
Possession utility
Place utility
Form utility
Time utility
MCQ
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Solution
Form utility
Explanation:
Form utility is created by changing the form or shape of raw materials into finished products that are more useful or desirable to the consumer.
In this case, fabric is transformed into shirts, thereby adding value through production.
This type of utility is about the physical transformation of goods to make them suitable for consumption.
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