Today I will teach you about the 5 economic utilities!
Form Utility
Lets hope I can make these candy canes right this time!
Place Utility
I sure hope people come buy my candy canes!
By: Kayla Duffy
Time Utility
I am so excited that he candy canes came out right in time for Christmas!
Form Utility- Changing raw materials or putting parts together to make them more useful. Examples: sugar, corn syrup, food dye, and flavoring make candy canes!
Possession Utility
I am so happy they take all forms of payment so I'll be able to buy candy canes with ease!
ALL FORMS OF PAYMENT EXCEPTABLE
Place Utility- Having a product in a convenient place for customers to buy it. Examples: Candy stores, supermarkets, bakeries
Information Utility
I can tell by the new sign that candy canes are now back in stock in 5 flavors!
Time Utility- Having a product available at a certain time of year or a convenient time of day.Examples: Selling candy canes during the Christmas season and during the winter months when they are more popular.
Possession Utility-The exchange of a product for some monetary value.Example: Being able to purchase candy canes with cash, credit, or checks.
CANDY CANES ARE BACK!5 NEW FLAVORS!ORIGINALSTRAWBERRYBLUE RASBERRYSOUR PATCHHOT CHOCOLATEALL FOR $5.99 A PACK!
Information Utility- Communication with the consumer about your product or serviceMaking people aware your product or service exists.Example: Advertising for candy canes. Listing when they are back in stock for the season and what new flavors and styles they have.
CANDY CANES ARE BACK!5 NEW FLAVORS!ORIGINALSTRAWBERRYBLUE RASBERRYSOUR PATCHHOT CHOCOLATEALL FOR $5.99 A PACK!