Question

Given below are two statements:
Statement (I): Storage is one of the functions of agricultural marketing.
Statement (II): The storage function meets the time utility of the customer.
In light of the above statements, choose the most appropriate answer from the options given below.

• A. Both Statement (I) and Statement (II) are true.
• B. Both Statement (I) and Statement (II) are false.
• C. Statement (I) is true but Statement (II) is false.
• D. Statement (I) is false but Statement (II) is true.

Hint:

Remember the classic marketing utility pairings:
- Storage \(\rightarrow\) Time Utility.
- Transport \(\rightarrow\) Place Utility.
- Processing \(\rightarrow\) Form Utility.
- Trade/Sale \(\rightarrow\) Possession Utility.

Answer 1

The Correct Option is A