In commercial operations, warehousing primarily creates place utility by shifting commodities to high-demand locations, whereas transportation creates time utility by storing goods until market demand arises.
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The statement is False. Transportation creates place utility by moving goods to where they are needed, while warehousing creates time utility by storing goods until they are demanded.
The statement is false because it reverses the specific types of utility generated by auxiliaries to trade. Transportation is responsible for creating place utility by moving products, whereas warehousing creates time utility by keeping products stored safely until required.
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Types of Economic Utilities Created by Auxiliaries to Trade