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The 5 economic utilities
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Today you will learn about the 5 economic utilities.
I like how reeses are easily accessible and are about anywhere.
All you need to make a reeses is peanuts, oil,sugar, salt,and chocolate.
5 Economic utilitiesBy: CAMERON WIEGMAN
Reeses are also available at almost anytime.
Reeses only cost $1.50
Place utility: When products are available at different places. that are convenient to the customer.Example: Gas-station, supermarket, city park concession stand, etc.
Form utility: when a business changes a good or service to make the product more useful.Example: changing raw materials into a reese's.
Reeses also have info. on the back such as nutrition facts and ingredients
Time utility: When products are made available at times customers need and want them.Example: reeses being available at any time.
Possession utility: When it becomes easier for customers to acquire a product.Example: Reeses only cost $1.50 and are found everywhere, which makes them easy to get.
Information utility: When facts and details about the product are made available to customers.Example: The nutrition facts on the back of a reeses.
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