Shalom! Imma tell you about the 5 economic utilities. #Deca
I just put together my ingredients to make a McChicken
There is no McDonalds on the moon I should try RT. 18 in East Brunswick
The Five Economic Utilities By Deca Boi
Even though its night time like 2 AM I can still get a McChicken
Form Utility-changing raw materials or putting parts together to make them more useful Example-a bun, chicken, lettuce and mayo make a McChicken
Place Utility-Having a product in a place for customers to buy it Example: McDonalds or another restuarant
Time Utility- Having a product available at a certain time of year or time of day Example: McDonalds is open 24hrs and all year
Possession Utility- The exchange of a product for some monetary value
Information Utility- Communication with the consumer about your product or service
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