Economic utility is the functions of marketing add value to a product by making It more useful. This added value is called Utility.
Form Utility
Shoe Laces
Form utility is changing raw materials or putting parts together to make them more useful.
Place Utility
Place utility ishaving a product where customers can buy it.
Our quality, stylish sneakers are produced using many components and then sent to select retailers where individuals can purchase these shoes.
Time Utility
Time utilityis having a product available at a time convenient for customers.
24/7-Shoes
These new shoes will be assembled in factories and warehouses by using many different components in order to form these quality shoes.
Possession Utility
Faulty pairs
The shoes that are assembled get transported to specific retailers in which they become available for purchase at select stores or even online.
Information Utility
24/7-shoes.com
NEW! Sneaker designs
Our shoes will be available at select retail stores year round no matter the location. Occasionally, there will also be sales depending on the time of the year.
Before school sale35% all shoes 8/10/21-8/30/21
Our shoes will be available for purchase through any form of money. Exchanges will also be an option between our different products.
Possession utilityis the exchange of a product for some monetary value.
Information will be relayed to consumers about new products and improvements along with where people can purchase our shoes.
Information utilityis providing information so that the customer is comfortable buying.