Changing the structure of a commodity in order to increase its utility is called?
ECONOMICSJAMB 2017
Changing the structure of a commodity in order to increase its utility is called?
- A. Time utility
- B. form utility
- C. marginal utility
- D. place utility
Correct Answer: B. form utility
Explanation
Form utility refers to the change in the form or structure of a commodity during its manufacturing process in other to increase its utility. For example, a change in the form of raw cotton to clothing material. Cotton in its raw form does not give satisfaction until it is changed to a clothing
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