What value does this product provide to consumers

Assignment Help Business Management

Reference no: EM133509088

Case Study: Choose a product that you think illustrates the principles of supply and demand. It could be something like a Lamborghini that has a very limited supply and a great demand that makes it expensive. Or it could be something like a calculator that used to be very expensive but has become cheap because of trends in technology. Give a brief overview of the company that makes the product. If the product is made by multiple companies, just choose one of them.

Respond to the following:

- What does the company make?

- What value does this product provide to consumers? Why do they buy it?

- Explain how the product can illustrate the law of supply and demand.

- Which of the following six external forces in the readings do you think most affects the balance of supply and demand? Describe the effect it has. (For example, the technological environment made the chips in calculators cheap, and the low price increased demand.)

economic environment;
legal environment;
competitive environment;
technological environment;
social environment; and
global environment.

Reference no: EM133509088

Questions Cloud

Define intelligence : Define Intelligence and describe the three elements of Intelligence as describe by Robert Sternberg which he titled the Triarchic Theory of Intelligence.

Discuss how you would help your employees to deal with : Discuss how you would help your employees to deal with change in the following situation. Be as specific as possible. Situation: Your department must be

What elements did the provider do well in gathering : what elements did the provider do well in gathering this patient's history? Were there any elements that could be improved

What are the courses of action and how can this be resolved : What are the courses of action, and how can this be resolved? How to best swell the pool of assets and Who is entitled to those assets, and in what order?

What value does this product provide to consumers : What does the company make? - What value does this product provide to consumers? Why do they buy it?

Describe the development of prosocial : Describe the development of prosocial and antisocial behaviors being sure to define both, provide examples of each.

Describe the various expressions of policy decisions : Describe the various expressions of policy decisions and Describe the steps of policy making process with an example related to healthcare

Understanding of their personal leadership traits : Discuss how leaders who practice servant leadership and have a strong understanding of their personal leadership traits can

Discuss the hersey-blanchard leadership style : According to the Hersey-Blanchard leadership style, I have a "Participatory" leadership style. Do you agree with this assessment? Why or why not?

User Account

All Pages