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Economic Utility
Economic value is added to the product during production which helps marketing
Form Utility
Form utility transforms individual goods into one product for consumers.
Possession Utility
Possession Utility allows consumers to purchase a product to own with
The functions of marketing add value to a product which also adds economic value
Place Utility
Place utility involves selling products in places where it will be convent for consumers.
Beach store
Changing raw materials into usable goods or putting parts together to make them more useful.
Information Utility
Information utility is how information is spread to the customer.
The exchange of a product for money is possession utility .
Time Utility
Time utility is having a product available at the time you need it most
Place utility involves having a product where customers can buy it.
Information utility involves communication with the customer.
Time utility is having a product or service available at a certain time of year or a convent time of day.
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