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A common product you see in stores is cans of pop; Coke, Pepsi, Sprite, etc. It's a very common American product.
The pop cans/bottles are made out of aluminum foil and plastic, and molded into a simple shape to put the liquid in.
The pop is then transported in trucks to different stores, from gas stations like 7-eleven to supermarkets like Meijer at a convenient place for customers to buy.
The functions of marketing add value to a product by making it more useful. This added value is called utility. Utilities help the product better satisfy the customer's wants and needs.
Pop is typically sold all-year round for the best sales. Humans obviously need to drink something every day, so pop is sold every day.
Form utility is changing raw materials or putting parts together to make an object/item more useful to a consumer.
Pop products get tons of promotion. You might see a Coca-Cola commercial on your TV while watching, or maybe just a billboard for Pepsi. There's many different ways to advertise.
Place utility is all about having your product be at a convenient location where people will be more likely to buy it.
The pop is finally bought by a consumer. They checkout the pop at a cash register, and the money makes its way back to the company that sells it.
Time utility requires you to have a product available at a time of day, or year, that is convenient for customers and most likely to get the most sales of your product.
Information utility is the strategy of providing information to the customer so they better understand the product your selling. Promoting the product.
Possession utility is the exchange of your product for currency/monetary value. You get money, the consumer gets your product.