How does transport create place utility?
ABy storing goods longer
BBy packing goods better
CBy moving goods to markets
DBy making goods cheaper
Answer & Solution
Correct answer: C. By moving goods to markets
1. Production and consumption are often far apart.
2. Transport moves goods from production place to consumption place.
3. Making goods cheaper, storing or packing do not create place utility.
_Source: Wikipedia, Transport: Freight_
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