GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Anyone who creates a utility.
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producer
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labor
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competition
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economic system
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Explanation:
Detailed explanation-1: -Producer. Anyone who creates utility is a producer.
Detailed explanation-2: -»Production = Creation of Utility.
Detailed explanation-3: -Utility is a term used in economics to describe the value or worth of an item or service. The utility is more exactly the overall satisfaction or benefit obtained from using a good or service.
Detailed explanation-4: -Form utility is the value a consumer derives from products or services in a way they actually need. When a company provides goods or services to consumers when they demand or need them, it is referred to as time utility.
There is 1 question to complete.