5 utilities

5 utilities
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  • Here are the 5 forms of utility
  • Sure!
  • Would you like to come into my shop?
  • Sure!
  • Would you like to try our new pumpkin spice doughnut?
  • The 5 Economic Utilities By: Roman Carone
  • Limited Time!! Pumpkin Spice Doughnut
  • Place Utility- having a product where costumers can buy it Example- you can purchase this product at a store
  • That will be $2 please
  • Form Utility- changing raw materials together to make them more useful Example- This restaurant has introduced a new pumpkin spice doughnut out of bread flower and a pumpkin spice
  • New Pumpkin Spice Doughnut
  • Time Utility-having a product available at a certain time of year or day Example- this pumpkin spice doughnut will be available during the fall time, mostly leading up to Halloween 
  • Possession Utility-the exchange of a product for monetary value Example- you can purchase this item with cash, credit, or debit
  • Information Utility-communication with the consumer about your product or service Example- this doughnut will be advertised on posters on the outside of the store
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