The situational analysis of a company’s product is essential to understanding where a product can best succeed and‚ often more importantly‚ where it will fail. To conduct a thorough analysis of a product involves examining the strengths‚ weaknesses‚ opportunities‚ and threats that a product brings to a company. In the case of Apple and the iPhone 5s‚ these four qualities are simple to ascertain. I. Strengths The Apple iPhone 5s‚ has several strengths. For instance‚ Apple has very high consumer
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The product The first market mix element is Product. A product is anything that can be offered to a market for attention‚ acquisition‚ use or consumption that might satisfy a need or want. Product decision normally base on brand name‚ functionality‚ styling‚ quality‚ safety‚ packaging‚ repairs and support‚ warranty‚ accessories and services. These product attributes can be manipulated depending on what the target market wants. Also‚ customers always look for new and improved things‚ which is
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The problem is asking me to pick the best plan for my friend who pre-order the Iphone 7. The first plan is Verizon‚ the plan is $.10 per text with a $70 activation fee. The second plan is AT&T‚ it offers a different plan of $.20 per text with a $15 activation fee. I need to determine which plan I think would best suit my friend and I need to have evidence on which plan I think is the best. AT&T’s plan will be a better plan if you send more than 125 text but Verizon’s plan will be a better offer
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Levels of product Core product The core product is not the tangible physical product. We can’t touch it. That’s because the core product is the benefit of the product that makes it valuable to us. So with the car example‚ the benefit is convenience the ease at which we can go where we like‚ when we want to. Another core benefit is speed since we can travel around relatively quickly. Actual product The actual product is the tangible‚ physical product. We can get some use out of it. Again with the
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Our product is composed of very healthy essential ingredients which is: Flan Is a sweet custard made with eggs and milk and often served with a caramel sauce.. it also contain certain vitamins and minerals Yams It is a root vegetable. Provide a very good source of potassium and fiber
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General Electric Medical Systems - Global Product Company concept The Global Product Company concept means ”to concentrate manufacturing – and ultimately other activities – wherever in the world it could be carried out to GE’s exacting standards most cost-effectively”. That means that the production is moving to countries where people are mostly underutilized (the example given in the case study tells about engineers from Eastern Europe‚ who cost only $1‚5/h). There are two major reasons why
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Explain various levels of Product with examples? (10 Marks) For many a product is simply the tangible‚ phsysical entity that they may be buying or selling. You buy a new car and that’s the product - simple! Or maybe not. When you buy a car‚ is the product more complex than you first thought? In order to actively explore the nature of a product further‚ lets consider it as three different products - the COREproduct‚ the ACTUAL product‚ and finally the AUGMENTED product. These are known as the ’Three
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Levels of Product and Service Product Name: Itel Mobile Phone (Model: IT 6700). Introduction: Product planners need to think about products and services on three levels. Each level adds more customer value. The most basic level is core benefit. At the second level‚ product planners must turn the core benefit into actual product. Finally‚ product planners must build an augmented product around the core benefit and actual product by offering additional consumer services and benefits. Now I discuss
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|Products |Description |Prices | | | | |[pic] |[pic] | |Brand name |Kind | |Essel Supermarket |Robinson’s |Jenra Grand Mall | |
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SWOT Analysis • Strengths o Innovative • The iPhone has a touch screen that is not only patented but unmatched by any other mobile product today. It also has many functions of other mobile products all in one device o Compatibility • The phone will work with iTunes and other Apple devices o Ease of Use • The new touch screen interface making operations extremely intuitive. It is extremely different from those of other phones or PDAs that recognizes multi finger gestures‚ just as the human
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