Question

In: Economics

Amazon is the market leader with roughly 70% of smart home product sales. Its product development...

Amazon is the market leader with roughly 70% of smart home product sales. Its product development strategy is establishing a branded smart home ecosystem. It has developed many products for its AmazonBasics line of products, all of which integrate with Amazon Echo and Alexa.

For Discussion

  1. What are the benefits offered by Amazon’s smart home products in terms of the levels of product value (e.g., core, augmented)?
  2. How would you describe the Amazon Basics line of products in terms of product portfolio management?
  3. Where does Amazon Basics and adoption of Alexa fall on the Hype Cycle?

Solutions

Expert Solution

Amazon smart home products work in a very beneficiary and mesmerizing way.hay wall power is plugged and then the pre existing products are put their into that smart plug. From there itself and app can be used for a voice assistant like Alexa for giving comment to the product to be turned on and off.Amazon smart home product have delightful features and capabilities of making a smart home.buy Alexa customers can control their devices by voices like automatic experiences being automated device setup made and and easy replenishment is made by a setup of frustration free and also dash replacement for the Alexa.proteins can be used by customers for setting of experiences that are automated based on time.with the help of an shoes Alexa proactively works as per usage of the customers like customers are reminded to turn off lights before going to sleep. Amazonbasics includes a private label which usually offers the home goods and office supplies and technical accessories. This was launched in 2009.in 2017 December amazonbasics became the best selling of private label brand on the amazonbasics offer high quality of products at better prices. The Gartner hype cycle includes two attributes as hype level and engineering for the business maturity. This cycle adopts 5 phases of life cycle of a technology trigger off technology peak of the the inflated expectations trough of the disillusionment enlightenment slope and plateau of the productivity.ads are generally restricted in Alexa and Alexa team is expected to be evening presently due to the limitations of of smart speakers of CPU.


Related Solutions

Suppose that you are the market leader and have more than 70% of market share. There...
Suppose that you are the market leader and have more than 70% of market share. There are 5 other smaller players in the market. As the market leader you realized that the market price is substantially lower than what it should be. One of your managers argue that your company should raise the price first and then the others would follow. Is the manager correct? Provide your answer based on oligopoly and game theory concepts.
Who are the top 3 key players in the smart home market and why?
Who are the top 3 key players in the smart home market and why?
Define Intensive Strategies (Market Penetration, Market Development & Product Development)
Define Intensive Strategies (Market Penetration, Market Development & Product Development)
Mountain Home Systems, Inc. is debating whether to expand its sales in a new market. Sales...
Mountain Home Systems, Inc. is debating whether to expand its sales in a new market. Sales are currently $5,000,000 annually, but MHS Inc. expects sales to increase to $7,000,000 annually if it enters this market.   MHS Inc. also knows that 15% of its sales are ultimately be uncollectible. In addition, collection costs will be 2% of sales and the firm's production costs are 72% of sales. Selling expenses are 8% of sales and Mountain Home has an opportunity cost of...
Identify and discuss in sufficient detail the relationship between market segmentation, product development and sales performance....
Identify and discuss in sufficient detail the relationship between market segmentation, product development and sales performance. Use examples to illustrate your answer.
Market demand for lifetime sales of the product is P=12000-2Q. Research and development fixed cost of...
Market demand for lifetime sales of the product is P=12000-2Q. Research and development fixed cost of $2000000. Its mariginal cost are $1000 for the first 1500 impants. From 1501st implant onwards marginal cost increase to $2000 as they have to pay overtime charges. Monopolies lead to a welfare loss compared to perfect competition. Calculate this "deadweight loss" of Monopoly. Should government always try to elimate monopolised markets? Why or why not?
Focusing on the company Nestles Trinidad and Tobago, Market penetration, market development and Product development are...
Focusing on the company Nestles Trinidad and Tobago, Market penetration, market development and Product development are strategies that were implemented within the past 3 – 5 years. 1. Interpret, discuss and evaluate these strategies in depth. 2. From your perspective, identify three (3) key benefits that the organization has gained from the implementation of the strategies.
Problem 2: The product manager of a large smart home security device company would like to...
Problem 2: The product manager of a large smart home security device company would like to conduct a survey to find the proportion p of consumers were happy with a new surveillance camera they bought. (a) How many samples are needed to estimate p with 2% margin of error and 90% confidence? (b) When 1000 consumes were surveyed, 400 consumers responded that they were satisfied with their security cameras. Find 95% confidence interval for p.
for Amazon Inc, identify the target markets, markets, market needs, market trends, market grown and product...
for Amazon Inc, identify the target markets, markets, market needs, market trends, market grown and product offerings.
How would Pet Smart segment its market? Please explain how that entity segments its market.
How would Pet Smart segment its market? Please explain how that entity segments its market.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT