5 Economic Utilities

5 Economic Utilities

Storyboard Text

  • Hello, today we are going to learn about the five economic utilities.
  • Here are all the materials that you would need to make a jersey.
  • I'm glad the jerseys are accessible and easy to see.
  • The Five Economic Utilities By Alexandra Diaz
  • I love that the jerseys are more popular when the sports season starts
  • A perfect time to sell jerseys is when it is a season with that sport in it
  • Form Utility: Changing raw materials or putting parts together to make them more useful. To make a jersey, you would need cotton, iron on letters, buttons
  • Here you can pay anyway you want!
  • Place Utility: Having a product where customers can buy it. Example: Sports stores
  • I'm glad that all the information about the jerseys are displayed.
  • Time Utility: Having a product available at a certain time of year or a convenient time of day. Example: In the winter and fall is a perfect time to sell football jerseys.
  • Possession Utility: The exchange of a product for some monetary. Example: cash, card, check, layaway
  • Information Utility: Communication with the consumer about your product or service. You can see on the tag abd online all abou tthe shirt.
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