GCECommerceIntroduction to Commerce2020

Which of the following statements correctly distinguishes industry from commerce?

AIndustry is concerned with distribution of goods while commerce is concerned with production
BIndustry creates form utility while commerce creates place and time utilityCORRECT
CIndustry deals with services while commerce deals with physical goods only
DIndustry and commerce both focus exclusively on manufacturing activities
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
Industry creates form utility by converting raw materials into finished goods (changing their form). Commerce creates place utility (transport), time utility (warehousing), and possession utility (trade), making goods available where and when they are needed. Option A reverses the correct relationship.
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