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When the person buys the plot in installment the plot is given to it but actually ownership is fully transferred when the full payment was given.
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Departmental Store
Warehouse
meeting and sharing information
Availability of food in time is an example of time utility
Information is through advertising
place utility exists when a product is readily accessible to potential customers.
Form Utility is associated with the Production , that’s make the product more valuable.
For Example
Stores make it easier for the consumers to purchase items, as opposed to driving to a factory or warehouse where the products are manufactured or stored.
Possession Utility
Image Utility
Possession Utility is created when a customer buys the product that is, ownership is transferred to the buyer.
Information Utility
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Time Utility
Information about the product and how that gets out to the public.
It is the special type of information utility. It is the emotional or psychological value that a person attaches to a product because of its reputation or social standing.
For Example
Time utility means having a product available when you want it.
Presented By :
M. Soban Khan
For Example
Some people pay more for a "Shirt" to be more effective than others.
when the customer is going to buy something and the product is available is available for him/her then time utility is created.
If company advertised the product and the customers knows that the product is available and transforms it to the others . Information utility is created .