form utility

time utility

place utility

Time Utility when either the input or the output is preserved for storage purpose in order to be utilized when there is scarcity of that product to be utilized by the consumers.

1). Utility depends upon wants.

2). Utility depends upon use.

3). Uility depends upon time and place.

4). Uility is different from usefulness.

5). Utility is base of demand.

Form Utility, Place Utility, Time Utility, Possession Utility, and Information Utility.

There are Six Utilities: Form Utility, Time Utility, Place Utility, Possession Utility, Information Utility, and Service Utility.