GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Producing omelet pans with nonstick coating addresses which type of utility?
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form
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possession
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time
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place
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Explanation:
Detailed explanation-1: -Overall, demand for consumer goods increases when the economy producing the goods is growing.
Detailed explanation-2: -Capital goods are physical assets that a company uses in the production process to manufacture products and services that consumers will later use. Capital goods include buildings, machinery, equipment, vehicles, and tools. Capital goods are not finished goods, instead, they are used to make finished goods.
Detailed explanation-3: -A market economy is an economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country’s individual citizens and businesses.
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