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- Economic Utility
- Economic value is added to the product during production which helps marketing
- Form Utility
- Form utility transforms individual goods into one product for consumers.
- Possession Utility
- Possession Utility allows consumers to purchase a product to own with
- The functions of marketing add value to a product which also adds economic value
- Place Utility
- Place utility involves selling products in places where it will be convent for consumers.
- Beach store
- Changing raw materials into usable goods or putting parts together to make them more useful.
- Information Utility
- Information utility is how information is spread to the customer.
- The exchange of a product for money is possession utility .
- Time Utility
- Time utility is having a product available at the time you need it most
- Place utility involves having a product where customers can buy it.
- Information utility involves communication with the customer.
- Time utility is having a product or service available at a certain time of year or a convent time of day.
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