5 Types of Utility
it makes a good or product useful
What is form utility?
There are ______ functions of business
What is four functions of business?
How a country makes goods and services
What is Factors of production?
At convenient locations
What is place utility?
Making the products
What is Production?
Includes all natural resources and natural materials
What is Land?
Available at any time
What is time utility?
Function of business involving money
What is finance?
Work performed by humans also known as human resources.
What is labor?
Makes information about products available
What is information utility?
The function that identifies, anticipates, and satisfies customers while making a profit.
What is marketing?
All the tools, equipment, and machinery used to produce goods
What is capital?
Makes products easy to purchase
What is possession utility?
The function that makes business decisions.
What is management?
The will to start a new business
What is entrepreneurship?