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  • I'm going to teach you about the 5 economic utilities
  • Where's the isle with the kernels
  • 5 Economic Utilities  By Mandee Mendez
  • It's so cold I just want to be home, watching a movie, eating popcorn
  • Form- changing raw materials or putting parts together to make them more useful Ex: Buying the kernels and butter to make popcorn 
  • I am paying with cash
  • place: having a product where customers can buy it  Ex: grocery stores, online food stores, the movie theaters
  • Made with real butter! Nutrition facts:
  • Try this great tasting buttered popcorn
  • time: having a product available at a certain time of the year or a convenient time of day Ex:  When a good movie comes out or when it's cold out people will want to stay inside and watch a movie
  • possession: The exchange of a product for some monetary value. Ex: Cash, credit/debit cards, checks, layaway
  • information: Communication with the consumer about your product or service Ex: advertising, packaging and labeling, salespeople, displays
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