OMTEX CLASSES: Form Utility and Time Utility.

Form Utility and Time Utility.

Form Utility and Time Utility.


Form Utility
Time Utility
It is created by changing the form of raw materials.
It is created by transport of commodity from one place to another.
It is created by converting raw material in the form of finished goods.
It is created by shifting place of consumption.
E.g. Carpenter prepares chair from the piece of wood.
E.g. Apple transported from Kashmir to Mumbai
It is created by producer.
It is created by transporter.