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Outline four ways in which commerce satisfies human wants

Outline four ways in which commerce satisfies human wants

Answers

Davis
There is exchange hence one is able to acquire what they do not have
Possession utility
- Goods are stored until when needed through warehousing hence time
utility is created
- Goods are taken to where required through transportation hence place
utility is created
- Through the process of production goods are converted to the right form
in which the
consumers can use them to satisfy his wants hence form utility is created
Githiari answered the question on September 19, 2017 at 14:27

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