Pick a product that is currently being sold, and analyze its economic utility, using the questions below.

a. describe the product's form utility. is it good, or bad? explain. (2-3 sentences. 2.0 points)

b. describe the product's place utility. is it good, or bad? explain. (2-3 sentences. 2.0 points)

c. describe the product's time utility. is it good, or bad? explain. (2-3 sentences. 2.0 points)

d. describe the product's possession utility. is it good, or bad? explain. (2-3 sentences. 2.0 points)

e. describe the product's information utility. is it good, or bad? explain. (2-3 sentences. 2.0 points)

f. describe at least one way the company could improve the economic utility of this product. (2-3 sentences. 3.0 points)

Economic utility refers to the satisfaction or utility that a person receives when  they consume (use) a product. A will use an apple for this question.

Explanation:

A) Form utility refers to how well a product satisfies specific customer's needs. In this case by consuming an apple I properly satisfy my need for food and a healthy nutrition.

B) Place utility refers to how much customers value where the product is being sold or how they are receiving the product they purchased. I bought my apply at a local grocery store which is close to my house, so I positively value the place utility of my apple.

C) Time refers to how the supplier of apples manages the time it takes for me to be able to buy my apple. Since apples grow on trees, the producer picks it up and then it travels through a long distribution chain until it reached the local grocery store. If the apple is fresh, not rotten, than all that work was properly done.

D) Possession utility refers to the uses I can possibly give an apple, since it's only an apple I believe all I can do is eat it or give it to someone else, ans that person will eat it.

E) Information utility refers to how the apple supplier or grocery store convinced me of buying the apple. Since it is only an apple, I guess the only possible option would a sales promotion of 2 apples for the price of 1, or a fruit combo.

F) If the suppliers wanted to improve the economic utility of apples, then they should try to make them taste better, or have more vitamins and minerals. Probably they could genetically alter apples to make them healthier, although genetically modified foods are not considered very healthy.

if you have a hp laptop on the top row of your keyboard there sould be a button that says prt sc , click that then wait a second then open the paint app open the clipboard and hit paste then save as a file. hope that ^-^