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- Select one of the products that you have analysed and evaluate the possibility of turning this product into a business.List at least ten products that already exist, which you use, that are constanly being modified to take advantage of new technologies. State the convenience these products brought to your life.How can economic engineers evaluate Design Alternatives to gauge product cost and price?
- A manufacturer introducing a new product into the marketplace. What will be the reaction of potential customers?What are the Advantages of Using IT in a Competitive Environment?Select a product and based on knowledge of the product life cycle, what types of changes will occur to that product as it continues through the product life cycle? How will this affect the marketing of the product?
- Explain the strategic option that takes the organization away from its existing products and markets showing its main advantages and disadvantages and the appropriate methods for its implementation?How can discoveries and tests aid in the development of new goods and services that meet the needs of customers?what is the objectives of designing the products to sustain in the competitive market?
- Is there something unique or distinctive about the product or service that separates it from substitutes and competitors?I am producing a new product. Does the new product I produce fall into the current market, repartitioned market, or new type of market?What is value and how is it determined and measured?