Economic Utilites

Economic Utilites

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  • Economic Utility
  • A measurement of useful-ness that consumer obtains from any good
  • Form Utility
  • metal, plastic,
  • Place Utility
  • It will be available at any retail stores like Target, Walmart, etc
  • A water bottle in retail stores
  • Time Utility
  • i will sell my product all times of the year but especially during sport seasons
  • A product form is whatever is tangible, what can touched or noticed by our senses
  • Information Utility
  • How to wash, Microwave safe ,
  • right location-on shelf, showroom , where the product  is  available
  • Possession Utility
  • When products are made available  at the time they are needed or wanted by consumers
  • involves communication with consumer
  • Exchange of currency for product
  • Will accept cash, visa,mastercard, debit card
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