The conversion of raw materials into finished products creates

Assessment: JAMB UTME - Commerce - 2021 Subject: Commerce

Question 1 Report

The conversion of raw materials into finished products creates
Answer Details
The conversion of raw materials into finished products creates form utility. Form utility is the value added to a product or service by transforming raw materials into finished goods or services that meet customer needs and preferences. It is one of the four types of utility in marketing, the others being time utility, place utility, and possession utility.
Read lesson note on Production (WAEC)
Read lesson note on Production (JAMB)
View Answer

Related Questions

1

A form of money that has gone out of use is
2

The main advantage of a sole trader is the freedom to?
3

The major objective of corporate mergers is to?
4

A provision in the charter of a company which gives holders of common stock the first option to purchase additional issues of the firm's common stock is the
5

Communication process involves the transmission of a message over a selected channel to the
6

The principle of span of control stipulates that?
7

Given: I. Retail II. Export III. Transport IV. Import V. Insurance VI. Banking and finance VII. Wholesale VIII. Communication. Which of the above are aids to...
8

The activities aimed at finding customers needs and satisfaction can be described as

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning