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- Economic Utility
- Economic Utility isthe total degree of satisfaction someone gets from using a product or service.
- This shows economic utility because a man is working in an office.
- Form Utility ishow much value a consumer receives from a product or service in a way that they actually need.
- Information Utility
- This shows form utility because a factory is using raw matierials to make products.
- Form Utility
- Place Utility isa marketing term that explains making products or services readily available to its customers.
- This shows place utility because it is located at the carnival
- Place Utility
- Time Utility occurs when a company provides goods and services when consumers demand or need them.
- Time Utility
- This shows time utility because they are serving lunch foods at lunch time.
- Information Utility isthe value given to a product by virtue of the fact that it can provide the user with information that is useful.
- This shows informatioln utility because they are at a store with labels and the worker will tell the customer whatever he/she needs to know
- Possession Utility isthe amount of usefulness or perceived value a consumer derives from owning a specific product and being able to use it as soon as possible.
- Possession Utility
- This shows possession utility because this lady owns this house and she is happy with her purchase.
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