Question

In: Economics

Assume that you are employed in the marketing department for a firm that is producing an...

Assume that you are employed in the marketing department for a firm that is producing an electric scooter. In developing this product, you realize that it is important to provide a core product, an actual product, and an augmented product that meets the needs of customers. Develop an outline of how your firm might provide these three product layers in the electric scooter.

Solutions

Expert Solution

Answer;

The firm might provides these product layers in the electric scooter;

Core product;

The core product is an intangible product.It is the benefit offered by the the firm to the customer through the products.The core product of the new electric scooter is a good mileage and an excellent resale value.These are the essential things for any buyer or user of automobiles.

Actual product;

Actual product is the product than can be touched and felt .In this case ,it consists of strong body, available in almost favorite colors.

Augmented product;

The augmented products are extra provisions provided for every purchase .In this case ,the provisions is the free services in every six months after the purchase.The people who buy within 6 months after the launch they will get all the accessories with 50% discount. Assume that you are employed in the marketing department of a firm that is producing a electric scooter.In developing this product,you realize, that is imporatnt to provide a core product, an actual product that meets the needs of customer.Develop an outline of how your firm might provides these three products layers in the electric scooter.


Related Solutions

A) Assume you have just started working in the marketing department for a large firm that...
A) Assume you have just started working in the marketing department for a large firm that sells major consumer products such as toothpaste or sodas or athletic shoes. You are in a meeting with some of the other workers in other departments - accounting, human resources, finance, and manufacturing. These people are saying that the company should get rid of the marketing to save millions of dollars. What would you say to persuade them that the marketing department is vital...
A firm is considering producing a new product.Prior to producing,the firm can conduct a marketing campaign...
A firm is considering producing a new product.Prior to producing,the firm can conduct a marketing campaign (e.g., advertise heavily) or not. Suppose that a marketing campaign costs $1 million. Suppose that if the product is marketed and produced, it will generate revenues of $8 million while costing $2 million to produce; so profit will be $5 million (= $(8 − 2 − 1) million) . If the product is marketed, but not produced, it will generate no revenue and no...
Assume that you have been asked to design an experiment for the marketing department of a...
Assume that you have been asked to design an experiment for the marketing department of a major automotive company. They would like to know what color(s) are most appealing to 18-24 year olds who purchase new trucks. Design an appropriate experiment, and then submit a short (< 3 pages) Technical Memo presenting your proposal. At a minimum, your memo should include: • A clear objective statement for your experiment • Procedure for collecting data • Methodology for analyzing the data...
Greshak Company, Inc. is in the business of producing and marketing high-tech widgets. Assume you are...
Greshak Company, Inc. is in the business of producing and marketing high-tech widgets. Assume you are a financial analyst at Greshak and have been charged with the task of estimating the value (i.e., intrinsic value) of the company's outstanding common stock on December 31, 2017. As part of that analysis, management has provided you with the company's most recent income statement and balance sheet for 2017 as well as financial projections of each for the next 4 years. Further, management...
Greshak Company, Inc. is in the business of producing and marketing high-tech widgets. Assume you are...
Greshak Company, Inc. is in the business of producing and marketing high-tech widgets. Assume you are a financial analyst at Greshak and have been charged with the task of estimating the value (i.e., intrinsic value) of the company's outstanding common stock at December 31, 2017. As part of that analysis, management has provided you with the company's most recent income statement and balance sheet for 2017 as well as financial projections of each for the next 4 years.   Assume Greshak's...
Assume you are the marketing manager of a large electronic equipment manufacturing firm. It is the...
Assume you are the marketing manager of a large electronic equipment manufacturing firm. It is the Spring of the year 2004. Your firm has pioneered an electronic book reader that mimics the reading experience on paper and the test-market results have indicated that the new product will be well received. However, as it is a completely new product on the market, the firm is unsure of adoption rates. You are in charge of a large geographical region in Asia and...
You are . . . an EMT employed in the Emergency Department at Fulwood Medical Center....
You are . . . an EMT employed in the Emergency Department at Fulwood Medical Center. Your patient is . . . Barbara Rotelli, a 17-year-old woman, who presents with pyrexia (Links to an external site.) and shaking chills. On her medical record, you read that her physical examination reveals splinter hemorrhages(Links to an external site.) under her fingernails and a heart murmur (Links to an external site.). There is blood in her urine. She had dental (Links to an...
Assume a certain firm is producing Q = 1,000 units of output. At Q = 1,000,...
Assume a certain firm is producing Q = 1,000 units of output. At Q = 1,000, the firm's marginal cost equals $20 and its average total cost equals $25. The firm sells its output for $30 per unit. At Q = 999, the firm's total costs is $______________. Why?
Assume that in the short run a firm is producing 100 units of output, has average...
Assume that in the short run a firm is producing 100 units of output, has average total costs of $100, and average fixed costs of $20. The firm's total variable cost at this output level is A) $120. B) $80. C) $8,000. D) $12,000.
You are currently employed by a firm that sells a differentiated product. While there are no...
You are currently employed by a firm that sells a differentiated product. While there are no perfect substitutes for your product, you note that there are a significant number of other firms that sell similar products as your own. While you enjoyed patent protection on your product in the past, the patent has expired, and firms can produce similar products without fear of legal action. An analyst has determined that the demand function for your firm is Q = 400...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT