2. List the five types of utility provided by business. square I main https://www.

The five types of utility provided by business are:<br /><br />1. Form utility: This refers to the value added to a product through the process of manufacturing or production. It involves changing the form or shape of a product to make it more useful or desirable to consumers.<br /><br />2. Place utility: This refers to the value added to a product by making it available in a location where consumers can easily access it. It involves transporting or distributing a product to a location where it is needed or wanted.<br /><br />3. Time utility: This refers to the value added to a product by making it available at a time when consumers want or need it. It involves storing or holding a product until it is needed or in demand.<br /><br />4. Possession utility: This refers to the value added to a product by allowing consumers to take ownership or possession of it. It involves transferring the ownership or rights to use a product from the seller to the buyer.<br /><br />5. Service utility: This refers to the value added to a product through the provision of services or support. It involves offering additional services or support to enhance the value or usefulness of a product to consumers.