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Since we're done with your appointment, I am going to teach you about the 5 economic utilities!
Um why are we here?
This bus can show us form utility. It went from iron, to steel, and is now a bus
This car dealership is a place where you can buy a car.
The 5 economic utilitiesTaylor Whittaker
I got a car before my 12th grade year!
Many student just got a car before school started so they could drive to school.
Form utility- changing raw materials and putting parts together to make a useful good Example= iron-steel- buses/cars/trucks
I bought my Jeep with my credit card for $311 a month.
Place utility- Where products are available for customers to buy Example- car dealerships
A TV commercial helped me learn more about the Jeep before I purchased it.
Wow, this makes so much sense.
Time Utility- having a product available at a certain time of year or time of dayExample- having safe, affordable cars available before school starts
Possession Utility- exchanging a product for some form on money Example- checks, gift card, cash, credit/debit
Information Utility- communicating with customers about a product Example- brochures, advertisements, displays
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