Question

Form utility is ________. 1. marketing's task in creating an offering that has value 2. production's task in creating an offering that is desired by the market 3. the firm's task in deciding where to distribute the product 4. created when products are available to customers at a convenient location 5. that which allows for transfer of the product ownership from seller to buyer

Answer 1

Answer:

2. production's task in creating an offering that is desired by the market

Explanation:

Form Utility is one of the four types of economic utilities. The other three being Time, place and possession. Form utility refers to the product or service a producer offers his customer. It is the value seen by customers in finished product.

Form utility involves how well a product or service meets customer's needs. Production unit is tasked with creating a product that his desired by the market after the marketing unit have gathered relevant information about what the market or consumers demand or needs.

In summary, it is a simple utility that involves the creation of products that meets customer's needs.