Question

In: Economics

Outline the opportunity that exists at the bottom of the economic pyramid. Can you think of...

  • Outline the opportunity that exists at the bottom of the economic pyramid. Can you think of a firm or existing product that can be modified to become profitable in the developing world?

Solutions

Expert Solution

To be profitable in the developing world it is important for a firm or company to set in the market and manufacture products according to their customers taste. And to know their customers taste, the needs, wants and their preferences is essential to manufacture. On the other hand firms or company should also decide the prices of their products according to customers affordability.

In the economic pyramid, if their is an inflation in market will lead to decrease in customers demand and in deflation it will lead to increase in demand.

So, pricing is also an essential factor for firms and companies to become profitable in developing world.

,


Related Solutions

Was the internet.org initiative really about serving the bottom of the pyramid or was it more...
Was the internet.org initiative really about serving the bottom of the pyramid or was it more about Face Book trying to expand its reach? Analyse. I want 600 word please
with regard to marketing to the bottom of the pyramid in 300 words minimum establish a...
with regard to marketing to the bottom of the pyramid in 300 words minimum establish a set of guidelines for the marketing program to the bottom of they pyramid
If an arbitrage opportunity​ exists, an investor can act quickly in the hope of making a...
If an arbitrage opportunity​ exists, an investor can act quickly in the hope of making a risk minus free profit. True False
The bottom of the pyramid (BOP) refers to the four billion people in the world who...
The bottom of the pyramid (BOP) refers to the four billion people in the world who live on less than $2 per day. They are found typically in less developed countries. According to World Bank projections, the population at the BOP markets could increase to more than 6 billion people over the next 40 years. Some people suggest that BOP markets are not viable markets. Most people in the BOP markets live in rural villages or urban slums, have very...
relationship that exists in the fluctuations of the stock market and economic cycles. Thank you
relationship that exists in the fluctuations of the stock market and economic cycles. Thank you
. Outline the various components of the U.S. money supply as it exists today
. Outline the various components of the U.S. money supply as it exists today
1. Do you think that in oligopolies, economic profits in the long run can be positive...
1. Do you think that in oligopolies, economic profits in the long run can be positive – please discuss in detail and provide examples. 2. Find two companies and discuss they fall for oligopolies – justify your reasoning.
Find an example of an economic observation that can be plausibly explained in multiple ways. Outline...
Find an example of an economic observation that can be plausibly explained in multiple ways. Outline each potential explanation. Explain why it matters which explanation is correct
What do you think is happening in the world economy today? what conditions can an economic...
What do you think is happening in the world economy today? what conditions can an economic bubble arise?
What evidence have you seen of neo-liberal economic restructuring in Canada? Can you think of examples?...
What evidence have you seen of neo-liberal economic restructuring in Canada? Can you think of examples? What can be learned about social reproduction and its relationship to production and economies from neo-liberal economic restructuring in Canada?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT