1.

Following are the various types of utility and their respective examples. Arrange the information in the form of pairs :

Answer»

Types of utility : Time utility, possession utility, service utility and place utility.

Examples :

  • A dentist giving dental treatment to a patient. 
  • A mountaineer using oxygen cylinder at a high altitude. 
  • A farmer selling rice stored in the warehouse at the end of the season. 
  • A retail trader purchasing 100 chairs from the wholesale trader.
ExampleType of Utility
(a) A dentist giving dental treatment to a patient.Service utility
(b) A mountaineer using oxygen cylinder at a high altitude.Place utility
(c) A farmer selling rice stored in the warehouse at the end of the seasonTime utility
(d) A retail trader purchasing 100 chairs from the wholesale trader.Possession utility


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