The conversion of raw materials into finished goods leads to the creation of?

Assessment: JAMB UTME - Commerce - 2010 Subject: Commerce

Question 1 Report

The conversion of raw materials into finished goods leads to the creation of?
Answer Details
The conversion of raw materials into finished goods leads to the creation of form utility. Form utility refers to the value that is added to a product or service by transforming raw materials into finished products or services. This utility is created by manufacturing or production processes that transform raw materials into finished goods that are useful and desirable to consumers. The process of adding form utility can involve shaping, cutting, assembling, or combining different materials or components to create a new and improved product that meets the needs and wants of consumers.

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