Lalitha manufactures car tyres from latex extracted from rubber trees. These tyres are transported to the factory owned outlets where they are stored and sold as per the customers demand,

Identify the utility created by Lalitha's business

A. Place utility

B. Time utility

C. Form utility 

D. Disutility

E. Type utility

Choose the correct answer from the options given below:

A, B, C only

The correct answer is option (3) - A, B, C only.

Business activities result in creation of utilities i.e.

a) Form utility – Changing the form of raw material into finished product creates form utility.

b) Place utility – From the place of production, transporting goods to the place of consumption results in place utility.

c) Time utility – The process of storing the goods when not required to supplying them when required generates time utility.