the 5 economic utilities
Storyboard Text
- Today we are talking about the 5 economic utilities
- Form Utility
- I cannot wait for thanksgiving so i can make my favorite pie
- Place Utility
- this pie isnt as good as mine
- The 5 economic utilitiesMa-Zyah Watson
- Time Utility
- Form utility: The change of raw materials into a more useful product Example: pie crust, brown sugar, cinnamon, and sweet potato"s
- Possession Utility
- i need fresh pie crust
- Place Utility: a spot convenient for a customers to buy products Example: Wal-Mart, Target, Sams, Food lion, and bakerys
- Information Utility
- Limited time sweet potato Pie made with fresh sweet potato's
- Time Utility: having a product convenient at a certain time of day or yearExample: The best time to buy Sweet potato's is in the fall and most stores start selling sweet potato pie in the fall
- BUT......BUT...but sweet potato's are only good once a year
- Possession Utility; An easier way to buy and own an productExample: you can buy fresh sweet potato's at food lion using credit/ debit, food ebt, and cash
- Information Utility; Communication with a customer that in any way encourages them to buy the product Example: The neighborhood bakery sent flyers to all the locals about the new sweet potato pie special
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