Question

In: Finance

Imagine for a moment that you’re in charge of marketing smartphones to the rapidly growing market...

Imagine for a moment that you’re in charge of marketing smartphones to the rapidly growing market segment of very old consumers. What hurdles might you face and how could you surmount these hurdles?

Solutions

Expert Solution

The hurdles faced in marketing smartphones to old customers is to convince them about the features that it can offer in terms of convenience and functionality. It would also mean customizing the user interface and organizing training sessions for this customer demography to enable them to use the phone and get the maximum from the device.

It would also mean sensitizing this customer segment about the various applications that are available and which can be used to ease the daily transactions that one may encounter in conduct of routine chores. This may create demand based on ease of tarnbsactions that these applications offer.

Another thing is also ensuring that the smartphones are priced right to appeal to the older consumers. This might involve change in the procurement and manufacturing strategy as well as customizing and optimizing the product strategy to ensure non-essential features are removed and more relevant features are added to the product.


Related Solutions

Imagine for a moment that you are in charge of your favorite local business –not Apple,...
Imagine for a moment that you are in charge of your favorite local business –not Apple, or Amazone. Now that you have a business in mind, how would you go about designing a “system” to evaluate its customers’ service health? answer asap please new answer nothing on this website
Your assignment is to imagine you’re in charge of your local public health department for your...
Your assignment is to imagine you’re in charge of your local public health department for your community. Your department has the chance to apply for funding under the umbrella of the WHO Essential Public Health Function (EHPF) framework to fund one public health issue in your community. What public health issue will you address, and what intervention will you design? In your paper, be sure to address: ·        The public health issue and its impact on health - make your...
In a rapidly growing market like energy drinks, firms need to capture the market scenario quick...
In a rapidly growing market like energy drinks, firms need to capture the market scenario quick enough. Firms that fail to keep up the changing pace with the market can lose out to their competitors. Red bull is one of the brands in the energy drink industry. Red bull has estimated the demand of its product by the following function: Q = 12.5 P0 -1.1A 2.1Y 1.3P -1.8 Where, Q = Number of energy drink bottles sold of Red bull...
Suppose it is mid-2007 and the stock market has been growing rapidly for the past 5...
Suppose it is mid-2007 and the stock market has been growing rapidly for the past 5 years. Some economists argue that the stock market has become “overvalued” and thus a “crash” is imminent How does a rising stock market affect Aggregate Demand? Show this in an AD/AS diagram. For a central bank that is trying to keep real GDP close to Potential explain what challenges are posed by a rapidly rising stock market Suppose the stock market crashes how does...
A rapidly-growing fast-casual restaurant serving a regional market in the Ohio and Indiana markets was concerned...
A rapidly-growing fast-casual restaurant serving a regional market in the Ohio and Indiana markets was concerned about meeting demand for its burritos and burrito bowls during peak lunch hours. Therefore, the firm added a series of workers in a pilot test in their busiest shop in western Ohio. The shop added more and more workers trying to find their most efficient production point given additional workers. The following table depicts their production capabilities between their critical hours of 11:00 a.m....
A rapidly-growing fast-casual restaurant serving a regional market in the Ohio and Indiana markets was concerned...
A rapidly-growing fast-casual restaurant serving a regional market in the Ohio and Indiana markets was concerned about meeting demand for its burritos and burrito bowls during peak lunch hours. Therefore, the firm added a series of workers in a pilot test in their busiest shop in western Ohio. The shop added more and more workers trying to find their most efficient production point given additional workers. The following table depicts their production capabilities between their critical hours of 11:00 a.m....
Imagine the moment when the heart ventricles begin to contract. At this moment, what is happening...
Imagine the moment when the heart ventricles begin to contract. At this moment, what is happening with ECG, the heart sounds, the ventricular blood volume, and the tricuspid/bicuspid as well as the semilunar valves? Also, describe how ventricular contraction and blood ejection are affected by mitral regurgitation and by aortic stenosis.
Imagine the moment when the heart ventricles begin to contract. At this moment, what is happening...
Imagine the moment when the heart ventricles begin to contract. At this moment, what is happening with ECG, the heart sounds, the ventricular blood volume, and the tricuspid/bicuspid as well as the semilunar valves? Also, describe how ventricular contraction and blood ejection are affected by mitral regurgitation and by aortic stenosis
Imagine the moment when the heart ventricles begin to contract. At this moment, what is happening...
Imagine the moment when the heart ventricles begin to contract. At this moment, what is happening with ECG, the heart sounds, the ventricular blood volume, and the tricuspid/bicuspid as well as the semilunar valves? Also, describe how ventricular contraction and blood ejection are affected by mitral regurgitation and by aortic stenosis.
Imagine that the Point Brewery actually had a person in charge of market research, and you...
Imagine that the Point Brewery actually had a person in charge of market research, and you were that person. The brewery is trying something really radical and launching a line of hard (11% alcohol) kombuchas. Describe your plan for using qualitative and quantitative research to determine how successful the launch has been. You must use both methods. You are in charge of market research for the small, independent cruise line MSC Cruises. Put on your competitive-intelligence hat and give me...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT