Utilities Notes Zimmer

Test Upcoming

Value Addition

The process by which marketing functions enhance the worth of products, known as utility.

Form Utility

The enhancement of a product's physical characteristics to increase its value.

Time Utility

The availability of a product at the time it is needed by consumers.

Place Utility

The accessibility of a product in locations where it is required by customers.

Possession Utility

The facilitation of ownership transfer of a product to the consumer.

Information Utility

The provision of relevant information about a product to assist consumers in making informed decisions.

Raw Materials Transformation

The process of converting raw materials into finished products, exemplified by smartphone assembly.

Online Shopping

A method of providing place utility by making products available to customers via the internet.

Seasonal Promotions

A strategy to provide time utility by offering products when they are in demand during specific seasons.

Financing Options

A way to enhance possession utility by offering consumers various payment methods for acquiring products.