5 Utilities

5 Utilities

Storyboard Text

  • The 5 Economic Utilities By: Nick DiChiaro
  • Form utility: Changing raw materials or putting parts together to make them more useful Example: Cotton, silk, and stitching makes a tie.
  • Place utility: Having a product in a convenient place for customers Example:
  • Time Utility: Having a product available at a certain time of year or a convenient time of day.Example:
  • Possession Utility: The exchange of a product for some monetary value.Example: Cash or a credit card
  • Information Utility: Communication with the consumer about your product or service Example:
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