Today I am going to teach you about the 5 utilities!
I wonder if I bought all the right ingredients
I love how ice cream is easy to access and that it comes in varieties of flavors for everyone !
The 5 Economic UtilitiesBy: Jazmine Trujillo
I love how there are a variety of flavors to choose from and you can enjoy them all year round!
Form Utility: Changing raw materials or putting parts together to make them more usefulExample: Cream or milk, sugar, waffle cone, and sometimes eggs, makes ice cream !
So I can buy this ice cream for only $1.50 with cash?
Uh yeah.
Place Utility: Having a product in a convenient place for customers to buy it.Example: Carvel, Baskin Robbins, etc.
And as you can see, we have stepped into our very popular ice cream store! Come by and check it out !!
Time Utility: Having a product available at a certain time of year or a convenient time of day.Example: All year round treat and it can be sold during ice cream store hours.
Possession Utility: The exchange of a product for some monetary value. Example: Cash or credit
Information Utility: Communication with the consumer about your product or service.Example: The brand name, advertisement