5 Economic Utilities

Updated: 3/4/2021
5 Economic Utilities

Storyboard Text

  • Today we'll be going over the 5 Economic Utilities
  • This is the factory notebooks are made
  • This is where notebooks are sold
  • The 5 Economic UtilitiesSean-Dylan McDaniels
  • I need my notebook for taking notes in school
  • Form Utility- Changing raw materialsor putting parts togetherto make them moreusefulExamples: Recycled Paper and Wood Pulps
  • Place Utility-Involves having a product wherecustomers can buy it.Example: Book Stores and Supply Stores
  • Selling Notebooks2 for 1 Deal
  • Time Utility- Having a productavailable at a certaintime of year orconvenient time of dayExample: Back to School Season
  • Possession Utility-The exchange of aproduct for moneyExample: Cash or debit/credit cards
  • Information Utility- Communication withthe consumerExample: Commercials or flyers