Forms of Utility

power of a good or service to satisfy a want or need.

• Economics

• Marketing

• Utility

• Markets

activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

• Finance

• Branding

• Marketing

• Advertising

Marketing and Advertising are exactly the same thing, just different names

• True

• False

availability of a good or service when customers want to purchase it

• Time utility

• Place utility

• Ownership utility

• Diminishing Utility

availability of a product in a location convenient for customers

• Time Utility

• Place Utility

• Ownership Utility

• Shared Utility

orderly transfer of goods and services from the seller to the buyer; also called possession utility.

• Time Utility

• Place Utility

• Ownership Utility

• Legal Utility