Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question
Chapter 14, Problem 1DCS
Summary Introduction
To determine: The type of qualities a student look for when a student purchase his shoes, the importance of price, style, brand name and color while selecting the shoes and the product offering an individual would offer in a new store designed to appeal the college students.
Introduction: Total product offer refers to all the features and things that are offered with the product and that consumer evaluate before making a buy decision.
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Think a potential product you might buy or create to sell in your store . Describe this product and estimate how many do you think you can reasonably sell in your first year in bussness
A product is anything that can be offered in a market for attention, acquisition, use, or consumption that might satisfy a need or want. Products can be classified into consumer products and industrial products.
List and briefly explain the four classifications of consumer products and provide examples for each.
Describe is the difference of Subway Fast food chain from the competition in market. You may select an attribute important to the consumers and elaborate why you use this product or avail this service.
Next, describe a main target market and discuss why they are the appropriate segment to target.
Expound what you think is the value proposition of your chosen product or service.
Chapter 14 Solutions
Understanding Business
Ch. 14.1 - Prob. 14.1AQCh. 14.2 - Prob. 14.2AQCh. 14.2 - Prob. 14.2BQCh. 14.2 - Prob. 1TPCh. 14.2 - Prob. 2TPCh. 14.2 - Prob. 3TPCh. 14.2 - Prob. 4TPCh. 14.3 - Prob. 14.3AQCh. 14.3 - Prob. 1MEDCh. 14.4 - Prob. 5TP
Ch. 14.4 - Prob. 6TPCh. 14.4 - Prob. 7TPCh. 14.4 - Prob. 8TPCh. 14.5 - Prob. 14.5AQCh. 14.6 - Prob. 9TPCh. 14.6 - Prob. 10TPCh. 14.6 - Prob. 11TPCh. 14.6 - Prob. 12TPCh. 14.7 - Prob. 14.7AQCh. 14.7 - Prob. 14.7BQCh. 14.7 - Prob. 13TPCh. 14.7 - Prob. 14TPCh. 14.7 - Prob. 15TPCh. 14 - Prob. 1CECh. 14 - Prob. 3CECh. 14 - Prob. 4CECh. 14 - Prob. 1CTCh. 14 - Prob. 2CTCh. 14 - Prob. 3CTCh. 14 - Prob. 4CTCh. 14 - Prob. 1DCSCh. 14 - Prob. 2DCSCh. 14 - Prob. 3DCSCh. 14 - Prob. 4DCSCh. 14 - Prob. 1PPTCh. 14 - Prob. 2PPTCh. 14 - Prob. 3PPTCh. 14 - Prob. 4PPTCh. 14 - Prob. 1VCCh. 14 - Prob. 2VCCh. 14 - Prob. 3VC
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- Select a product with which you are familiar (Please do not use any APPLE products). Based on your knowledge of the product lifecycle, what types of changes will occur to your selected product? How will this affect the marketing of your selected product?arrow_forwardWhat movies, plays, tv shows, and music videos have had an effect on current fashion trends? If you were a buyer for juniors or young mens apparel, how would the above affect your decisions of what to buy?arrow_forwardFIVE (5) reasons why young consumers are more interested in purchasing products they need (e.g clothing, electronics, accessories) online than from the physical stores.arrow_forward
- A consumer wants to buy a gadget to use for her online class.She is deciding between a laptop and a high-end android phone.How can she use an analysis of cost and benefits to help her choose?arrow_forwardIf you will sell a product, what would it be and why? Give an example of the features/ benefits.arrow_forwardDescribe FOUR (4) options you might take if your customer believes your product did not fulfill their needs.arrow_forward
- 1. Using your Creative Mind, conceptualize a new product or service. What is the purpose or use of your product or service? Does your product concept appeal to the senses and emotions? Does your product or service have aesthetic appeal? Will it elevate its intended consumers to a new level of self-actualization?arrow_forwardSuppose your company sells a packs of lenses attach to smart phones to improve the quality of picture people take.you pay 29.89for each 3pack 59.95what is goods sold percentage for this item?arrow_forwardHow do you provide the right place for the customer to access and experience your product( dress)?arrow_forward
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