Think of a new or revised product or service that you would like to see on the market. Discuss the implications of producing that product or service relative to legal, ethical, environmental, profitability, competitive, design, and production issues
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Q: It is not necessarily true that all new products benefit consumers or society. What are some new…
A: New products launched in the society can be useful or harmful. It depends upon the way how consumers…
Q: Recreation and entertainment Areas for improvement in business
A: Recreation and improvement:- A business can improve its reputation by investing in recreational and…
Q: In the business world, how do consumers provide value to a product or service?
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Q: The environment, internal information, and external information help consumers evaluate and compare…
A: The environment, internal information, and external information help consumers evaluate and compare…
Q: In your local area, identify a group of people with unsatisfied product needs who represent a…
A: Every organisation will create value for shareholders in terms of profits and for customers in terms…
Q: As a consumer of goods and services, provide an example/story of when a product or service did not…
A: The success of a business is defined by the way they fulfil the needs and solve the problems of…
Q: Explain the relationship among profit, business risk, and the satisfaction of customers’ needs.
A: Profit - It is the net amount the company is left with from the revenue after deducting all the cost…
Q: How do consumers and organizations go about buying, using, and disposing of our products?
A: Organizational purchasing is typically a group decision based on the wishes of the majority of the…
Q: what are potential consumer responses to service pricing or policies that are perceived as unfair?
A: Pricing the process to every organization to set or fix the price of the its products or services…
Q: Recognize the benefits of IT and utilise them in your career and personal life.
A: Whatever field you work in, one thing is certain: your company can't function without IT. From being…
Q: Is Tesla a role model for the auto industry in terms of pursuing a more environmentally sustainable…
A: Yes, tesla is a role model for the auto industry somewhat in terms of pursuing a more…
Q: What should be the focus of a company’s mission statement? * Choices: Acquire technology Customers…
A: A mission focuses on the identity (who are you), the purpose of existence (why are you here). For…
Q: Describe how consumers make purchase decisions and how they use and dispose of the purchased goods…
A: There are various industries and organizations that are active these days. There are different…
Q: How do the consumers dispose off the purchased goods or services?
A: These days, a variety of businesses and organizations are functioning. The organizations provide a…
Q: corporate social responsibility activities for both consumers and stakeholders in creating value for…
A: Corporate Social Responsibility is assessing and taking responsibility for the company's actions on…
Q: How are consumers responding to an environmentally friendly company?
A: Consumers have become increasingly aware of environmental issues and the impact of their consumption…
Q: How do the consumers use and dispose of the purchased goods or services?
A: A person who buys a product always looks for the value that he will get from the product and the…
Q: Give examples of products and services that make our everyday lives better.
A: A product can be defined as any item which has the capacity to fulfill the needs of the customer or…
Q: Understand value from the perspectives of customers. producers, and society
A: Providing value with the products will aid the corporation to attract a large number of audiences.…
Q: explain the relation between customer retention and customer loyalty for a service firm
A: Customer retention and customer loyalty is important form type of industry service and product…
Q: How can consumer awareness of the food-production process benefit food producers, consumers, and the…
A: Consumer awareness is an act of making sure that the buyer or consumer is aware of the information…
Q: To what extent has the use of technology influenced product and service development?
A: The impact of technology on service strategy:
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A: Process is the parts or steps to reach or achieve the final goal. Process tells what steps an…
Q: Describe the relationship among prevention costs, appraisal costs, and failure costs. Where should a…
A: Definitions: Preventive costs: - The costs that are incurred to the company or the supplier to…
Q: What is the importance of service businesses to consumers?
A: Service industry: They provide financial and non-financial services to consumers. They involve…
Q: How can the company differentiate its goods and/or services from those of its competitors?
A: The following is the response:
Q: If demand is low, what will you do (as the manufacturer or owner) to increase the demand and for…
A: In a marketplace the customers do not care about your product or business, they only look to those…
Q: Which environmental factors plays a vital role in selling the product or service in the market?…
A: There are various factors and forces that affect the ability of a firm to manage a good relationship…
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A: Proper storage of goods means storing items so that the products remain durable, easily accessible,…
Q: airline companies customer-oriented or product-oriented and why ?
A: Customer orientation and product orientation at two different approaches the chair used by the…
Q: Select one existing and famous business organization and complete the following: Name of the…
A: The business selected is as follows: The organisation selected to complete the given data is Apple.…
Q: Examine the Corporate social Responsibility efforts adopted by the firm to maintain their position…
A: The various corporate social responsibility programmes launched by the company Apple are explained…
Q: How does consumers provide value to a product or service?
A: Customer value is the perceived value of a customer for a good or service, that is recorded as the…
Q: A product that a potential buyer knows about but is not actually seeing is called an "unsought"…
A: First of all, unsought products refer to the products which exist in the market and customers are…
Q: the characteristics of business models that are designed to create social value.
A: Social Value business models are enlargement of traditional commerce, which embrace the 3 parts…
Q: Why would you pay more today than you paid yesterday for the same product?
A: Customers at market place looks for good quality goods or services with better prices rather than…
Think of a new or revised product or service that you would like to see on the market. Discuss the implications of producing that product or service relative to legal, ethical, environmental, profitability, competitive, design, and production issues
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- Review the conflict of interest scenarios (parts 1 and 2). Identify the issue and indicate the regulation or best practice principle involved. How should the organization/provider respond to the issue? What should the organization/provider do to prevent future issues or mitigate any future harm/damage to the patient or the organization? The first scenario involves doctors who are financially motivated to prescribe certain medications or treatments, even if they may not be the best option for the patient. These doctors may receive kickbacks or incentives from pharmaceutical companies, leading to a conflict of interest that can compromise the quality of care. the second scenario involves doctors prioritizing their patients' well-being. These doctors strive to provide evidence-based recommendations and treatments that are in the best interest of their patients' health. They prioritize unbiased information and consider the individual needs and circumstances of each patientidentify types of Risks cosmetic business face and provide a mitigation plan for all the risks identifiedIn a business, how does consumers provide value to a product or service?
- Ivell Packaging Company produces paper and plastic packaging products. All of the following may be considered an initiative undertaken as a part of the company’s CSR efforts except a. training customer service employees on the latest upgrade to the technology used to take orders from customers b. investing funds in equipment to reduce the amount of plastic waste generated by the production process c. hosting a health and wellness fair for the employees and the community d. installing a cafeteria and coffee shop in response to an employee questionnaire about workplace well-beingWhat remedies are available to consumers under the Consumer Protection Act in case of defective or substandard products or services?Evaluate the relative significance and impact of the issues identified above. Develop an integrated set of suggestions on how to effectively manage the stated issues with the objective of optimizing the realized benefits from the implemented technologies.
- How can I Explain how consumers’ options for health care are changing? Considering if it will have an impact on the use of the Insurance company launching a new medical product for the health insurance exchange. And How can I Explain how I will ensure the Insurance company launches a new medical product for the health insurance exchange healthcare company or product will be relevant and engaging to the consumer over time? Consider how advances in technology and medicine may influence the use of the company or product over time.Select a product you are familiar with. Based on your knowledge of the product life cycle, what types of changes will occur to your selected product as it continues through the product life cycle? How will this affect the marketing of your selected product?How do the consumers dispose off the purchased goods or services?
- Discuss the social and ethical implications of implementing and using IT.As a consumer of goods and services, provide an example of a personal product or service that satisfied or exceeded the public's expectations?Based on the United Nations Sustainable Development Goals (UNSDG), select a company or organization in the cosmetics industry that contributes to the UNSDGs, clearly articulate the wicked problem the company or organization aims to solve, and present how the company is or could use the following concepts to achieve their goal: design thinking, design and technology, and organizational ambidexterity?