I'm going to be telling you the 5 economic utilities of lemonade.
Can't wait to make some lemonade!
I love that I can get lemonade almost everywhere
5 economic utilities By Erin Coffey
Can't wait to make some cold lemonade!
Form utility: Changing raw materials or putting parts together to make them more useful Examples:water, lemon juice, sugar
I am here to buy stuff to make lemonade with my money.
Place utility: having a product where customers can buy it Example: Grocery store, fast food places
I saw a billboard about lemonade now i want some!
Time utility: having a product available at certain time of year or a convenient time of day Exaples: During the summer, during grocery store hours, online (amazon), whenever you have the supplies for lemonade.
Possession Utility: The exchange of a product for some monetary value Example: Credit card/Debit, cash, check, layaway
Information Utility: Communication with the consumer about your product of service Example: Commercials, billboards, magazine ads