Choose only 1 product/service to answer the following questions (this product example is not your product/service), which can be the benchmark/best model/suitable for your business. 1.Explain and apply each step of the environmental design concept to an example of a product/service
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Choose only 1 product/service to answer the following questions (this product example is not your product/service), which can be the benchmark/best model/suitable for your business.
1.Explain and apply each step of the environmental design concept to an example of a product/service
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- Eco-Friendly Laptop Bag: Create a laptop bag made entirely from recycled materials, such as plastic bottles or old clothing. Your group (3- 4 members) is required to prepare a marketing plan about Eco-Friendly Laptop Bag . The marketing plan must consist of the following: • Topic 1: Business background a. Demographic profile of the business and owner b. Product or service offered • Topic 2: Competitors a. Identify two or three competitors (within 5 km for service) b. Describe the strengths of each competitor • Topic 3: The Consumer a. Describe the target market profile ● • Topic 4: The Marketing Plan for Year 2024Describe the purpose of product/service feasibility analysis? Briefly describe its two components.Design Within Reach (DWR) Design Within Reach (DWR) is one of the leading hardwood furniture manufacturers. While DWR has many small competitors, none of them controls a significant market share. Like most furniture manufacturers, DWR sells its products to a wide variety of small furniture stores, none of which represents a large percentage of DWR's sales. DWR can choose among many wood (an undifferentiated commodity) suppliers to find the best price and delivery. The growth rate of the hardwood furniture industry has slowed considerably in recent years. Many consumers purchase "IKEA type" furniture made of composite wood, which is substantially less expensive than hardwood furniture. The level of direct competition in the hardwood furniture industry can best be described as moderate because the slowing growth rate offsets the numerous firms in the industry. low because of the numerous firms in the industry and the slowing growth rate low because of the slowing growth rate and the…
- The lease of Theme Park, Inc., is about to expire. Management must decide whether to renew the lease for another 10 years or to relocate near the site of a proposed motel. The town planning board is currently debating the merits of granting approval to the motel. A consultant has estimated the net present value of Theme Park’s two alternatives under each state of nature as shown on the following page. What course of action would you recommend using?a. Maximaxb. Maximinc. Laplaced. Minimax regretOptionsMotelApprovedMotelRejectedRenew $ 500,000 $4,000,000Relocate 5,000,000 100,000If we have selected a problem and it is climate change which is affecting our environment and we are thinking about a product which is (Water conservation technologies such as drought-resistant crops and greywater systems) Answer the following questions on our product: (just one line answer is needed) What are the direct benefits to the customer? • Approximate the best you can anticipate the size of the market? • Where are customers getting the product now? • Why would they purchase from us? • Is the industry that the business falls within, large and growing? (Favourable) Are the core technologies available? (Have, develop or get) • Are there any laws or regulations against this business concept? • Are there moral or ethical issues that need to be considered? Do our skills and abilities fit the business? • What are the skills needed that we don't have? • Who would we need to hire?Mary Williams, owner of Williams Products, is evaluating whether to introduce a new product line. After thinking through the production process and the costs of raw materials and new equipment, Williams estimates the variable costs of each unit produced and sold at $8 and the fixed costs per year at $70,000. What other considerations would be crucial to the final decision about making and marketing the new product?
- Summarize examples 1.1 by determining the statement of the problem, objectives, choice of the response, variable, factors, design process. thank youYou are the Product design manager for a furniture company that is trying to enter the student market for shelves to keep books, computer peripherals/ laptops, cables, gaming-related material, writing materials, CDs, etc. The students are value customers but are also focused on sustainability and want shelves that are reusable, contribute to circularity, can be disassembled, moved stored and assembled. You have come up with the idea of using crates modified to be used as shelves. Moving becomes easier and avoids deshelving and reshelving since you can move the shelf/ crate along with the books. 1560 ass 814914 81491 2023 However, none of the existing crates allows building a sturdy shelf. They start to cave in or lean once the third layer is stacked on top. Many crates can also not be carried easily once filled. Some crates are too large making them too heavy when filled. Many crates do not protect contents from dust or dirt, which is important for storing crates with books/…Give examples of firms you believe have been successful over time because they are industry leaders in quality; they are the low-cost producer; they are innovative; they offer superior customer service. View Solution: Give examples of firms you believe have been successful over
- Give one example of a product/service that you believe offers good quality. Justify.Based on the Case Study "Best Buy Co., Inc.: Sustainable Customer Centricity Model?", Case22, starting on page 22-1, book strategic managment and business complete the following requirements:•Utilizing the Week 1 Addendum, identify their resources, capabilities, and core competencies•Write two findings of fact, with a fully justified recommendation/justification•Explain the various key Principles for design for sustainability.