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Delanie DiStefano - 5 Utilities Assignment

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  • Today, I'm going to be telling you all about the 5 economic utilities. Lets get to it!
  • Form Utility
  • It's been getting pretty chilly outside. I hope I have all my ingredients for some hot chocolate. It would warm me right up.
  • Place Utility
  • I should have just gone to the store!
  • Where is the worker?!?!
  • I want hot chocolate!!!
  • 5 Economic UtilitiesBy Delanie DiStefano
  • Time Utility
  • This is just what I needed to warm me up.
  • Form Utility: Changing raw materials or putting parts together to make them more usefulExample: In hot chocolate, you need cocoa, milk, marshmallows, a stove, whip cream, and a candy cane on the side.
  • Possession Utility
  • Would you like to pay with cash, credit, or debit?
  • Place Utility: Having a product where customers can buy it.Example: People should be able to buy hot chocolate in bakeries to go with their treats, and in stores so people can buy it when they need it.
  • Information Utility
  • I should check the box to make sure there are no ingredients I'm allergic to.
  • Time Utility: Having a product available at a certain time of year or a convenient time of dayExample: Hot chocolate would be most popular during the winter time because it is warm and would help against the cold weather.
  • Possession Utility: the exchange of a product for some monetary valueExample: You can pay with cash or a credit card when you buy hot chocolate or the hot chocolate mix from the grocery store
  • Cash please!
  • Information Utility: communication with your customer about your product or serviceExample: The ingredients on the box of hot chocolate mix or the amount of calories on the screen at a coffee shop.
  • Hot Chocolate
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