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  • Today I am going to explain the 5 economic utilities 
  • While you make pizza there is form utility. The form utility is what the pizza is made of. This includes pizza dough, tomato sauce, cheese of any kind, and toppings of your choice.
  • Pizza also contains place utility. This is because the pizza can be sold in pizzerias and other places
  • The pizza has time utility as it could be sold anytime but specifically around lunch and dinner time as those are times where people might specifically want pizza.
  • 5 Economic Utilities By: Kevin Agostisi
  • Form Utility: Changing raw materials or putting parts together to make them  more useful.
  • Pizza has possession utility because the pizza could be purchased with cash, credit, and checks.
  • Place Utility: Having a product where customers can buy it, most convenient and efficient.
  • Pizza has information utility because information about he pizza could be sent through commercials, advertisements, and billboards.
  • Time Utility: Having a product available at a certain time of the year or a convenient time of day
  • Possession Utility: The exchange of a product for some monetary value, cash, credit, checks, and layaway.
  • Information Utility: Communication with the consumer about your product or service.
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