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Kim Louis 5 Utilities Assignment
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5 Utilities projectTopic: Pencils
A pencil according to the five economic utilities
Form Utility
Pencils are made from graphite and wood while the erasers are made from rubber
Place Utility
Pencils can pretty much be bought anywhere, from convenience stores, to online
By: Kim Louis
Time Utility
Changing raw materials or putting parts together to make them more useful
Possession Utility
Pencils can be bought in pretty much any way. There's cash, card, and checks. You don't need a lot of money for a pencil though
Having a product where customers can buy itMost convenient
Information Utility
This can be done with advertisements or most packaging will come with information on the materials in the pencils
Having a product available at a certain time of year or a convenient time of day
Pencils are sold throughout all year but are most bought and advertised in August-September because that's when schools start
The exchange of a product for some monetary value
Communication with the consumer about your product or serviceMaking people aware your product or service exists
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