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The Five Types of Utility.
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5.Possession
Possession utility is when convenient stores and other quick places carry products for quick and easy access.
1. Time
4.Infromation
Utility information is when information about products are released to the customers.
Time utility is when products are made at the time costumers want and need them the most.
Utilities added to a common product.
The Five Types of Utility.
A common product can have utility. Like chips and salsa has possession utility, because you can buy it at the gas station fast and easy.
3. Form
2. Place
Form utility is when a business makes changes in a product to make it more useful and suitable for the costumer.
Place utility is when a product is added into a convenient place, like stores that are open all hours.