Explain utility and product placement

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Reference no: EM1334552

Explain Utility and Product Placement

How did/does marketing add utility to some product or service you've recently purchased? There are four types of utility. Your purchase likely satisfied one or more type of utility. Remember that utility exists if the product or service has a value for you. What was the form of utility(s)? How was that utility created?

How did the distribution and placement of the product affect your purchase? How important do you think is product placement and why?

Note: Remember the 4 P's of marketing below -- also known as the marketing mix --and how they are part of the bigger concept of marketing strategy for each target market.

1. product

2. price

3. distribution (or placement)

4. promotion

Reference no: EM1334552

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