BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -form utility. Type of utility added to a product when a business changes the form of something to make it more useful. information utility. Type of utility added to a product when a business provides information about a product to a customer.

Detailed explanation-2: -What Is Utility? In economics, utility is a term used to determine the worth or value of a good or service. More specifically, utility is the total satisfaction or benefit derived from consuming a good or service.

Detailed explanation-3: -When a company provides goods or services to consumers when they demand or need them, it is referred to as time utility. Place utility involves making products or services available in locations that allow consumers to easily access them.

Detailed explanation-4: -The utility of a good or service is determined by how much satisfaction a particular consumer obtains from it. Utility is not a quality inherent in the good or service itself. Total utility is a conceptual measure of the number of units of utility a consumer gains from consuming a good, service, or activity.