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Barrows Consumer Products Essay
Barrows Consumer Products 1) What are some of the factors causing the problems in measuring performance in the Southeast Asia sector? Comparing
the performance of divisions operating in different countries is difficult due to legal, political, social, economic and currency differences. Additionally
companies in different countries may adopt different accounting standards, which makes the financial statement not comparable. Calculation on ROI,
RI and EVA for subunits that operate in different countries needs to be adjusted for differences in inflation and changes in the exchange rates. Barrows
currently uses two primary performance measures, Profit and ROI, for its established divisions in the U.S., Canada, Europe and Japan. It is... Show
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Data unavailability also causes problem in performance measurement. Indonesia, instead of Viet Nam, got sales credit when products were supplied
from Indonesia warehouses to Viet Nam customers. But solid quantitative measure of such shipments is not available. Finally, the difficulty in
quantifying non–financial performance also contributes to the complexity of performance measurement. The innovative approach Viet Nam developed
to cut distribution costs also benefited Indonesia and Philippines. But it is not straightforward to incorporate the benefit of such innovation into
performance measurement. 2) Rank the three countries using each of the following measures of performance: Profit, ROI and EVA | Indonesia|
Philippines| Viet Nam| Profit (Op Income)| 2950| 1680| 30| Beg Year Total Assets| 7200| 4000| 1880| ROI (Barrows Definition)Op Income/ Beg yr tot
Assets| 41%| 42%| 1.60%| EVA using beg of yr data*| 216| 359.2|–69| * See EVA calculation at the attached spreadsheet. Advertising Expenses are
capitalized and amortized over 3 years using straight line method. See amortization schedule According to the above calculations, here are the
rankings: By profit: Indonesia > Philippines > Viet Nam By ROI: Philippines > Indonesia > Viet Nam By EVA: Philippines >
Indonesia > Viet Nam 3) Write a one paragraph memo to Ms.
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Reasons why Consumers Adopt Environmentally Friendly Products
Intrinsic motivations appear to be the reason why conservation and environmentally minded consumers adopt eco–friendlier products (Bamberg 2003).
For example, intrinsically driven consumers buy hybrid cars to reduce the effects of their driving on the environment. However, there is another stream
of literature utilizing other research methods that have found that pro–environmental products are often not purchased because of pro–environmental
motives (Barr, 2004). In fact, in a wide–ranging study that employed dissimulated surveys on a range of products, Bamberg (2003) reported only a low
to mitigate association between consumers' concern about the environment and adoption of consumption deportment that was considered to be
environmentally cordial. If this is the case, is it possible that there are other reasons behind adopting 'greener' products?
It is withal possible that extrinsic rewards may be a more salient reason for some consumers to adopt environmentally cordial products (e.g. Jansson,
Marrell & Nordlund 2009; Stern 2000, Clark, Kotchen & Moore 2003). This is not to verbally express that these consumers do not possess intrinsic
motivations, but that extrinsic reasons appear to play a more puissant role in their decision making process.
Griskevicius, Tybur & Van den Bergh (2010) conducted a series of experiments and found that many of the consumers' in their sample culled
environmental cordial products because of convivial or professional status concerns. In
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Products and Services for Consumers
1.Debate the issue of global versus adapted products for the international market. A recurring debate exists relative to product planning and focuses on
the question of standardized products marketed worldwide versus differentiated products adapted or even redesigned for each culturally unique market.
Those with a strong production and unit cost orientation advocate standardization and others, perhaps more culturally sensitive, propose the policy of
a different product for each market. The issue cannot be resolved with a simple either/or decision. Cost revenue analyses need to be done and
decisions made in the hard, cold lights of profitability. There is no question that significant cost savings can be realized from having standardized...
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Industrialized countries have the highest quality image, and there is generally a bias against products from developing countries. Within groups of
countries grouped by economic development there are variations of image. For example, one study of COE between Mexico and Taiwan found that a
microwave oven manufactured in Mexico was perceived as significantly more risky than an oven made in Taiwan. However, for jeans there was no
difference in perception between the two countries. One might generalize that the more technical the product, the less positive is the perception of one
manufactured in a less–developed or newly industrializing country. There is also the tendency to favor foreign made products over domestic made in
less developed countries. Not all foreign products fare equally well since consumers in developing countries have stereotypes about the quality of
foreign made products even from industrialized countries. A survey of consumers in the Czech Republic found that 72 percent of Japanese products
were considered to be of the highest quality, German goods followed with 51%, Swiss goods with 48%, Czech goods with 32% and, last, the United
States with 29%. One final generalization about COE involves fads that often surround products from particular countries or regions in the world.
These fads are more often product specific and generally involve goods that are themselves faddish in nature. European consumers are apparently
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Professional Use And Consumer Use Products
Within both professional–use and consumer–use products, there are some differences, but nothing that will give a distinct comparison. Professional–use
products are only sometimes directed to be used by salon professionals, not by the average user. Consumer–use products are distributed more to the
drugstores, and retailers that then disperse them to the public. In fact any product in retailers would be considered a consumer–use product. Why are
there differences? There are differences between these two sub–categories of products because some can be stronger and more effective than the others.
If a woman walks into her local drugstore claiming to have a certain skin condition, she most likely uses her own knowledge and what is labeled on
the package of the products she is intrigued by. These products are made with less active ingredients, so if the women chooses the wrong product for
her skin type, there won 't be as much irritation. In fact, most consumer–use products are mostly composed of "fillers" and a small amount of the active
ingredient. Even though it may mention this ingredient, having trace amounts of it will lead to minimal results. Some of these items are not even made
to go below the skin's surface which allows for little to no effects on the skin. A good amount of these consumer–use products include eye–catching
labels with expressions showing how well they work they are because of their components, but most of these claims are false because the small doses of
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Giant Consumer Products (Gcp)
| Giant Consumer Products (GCP)| | | | A. Situation Analysis: 1. Context: In early September'08 Giant consumer Products, Inc. (GCP) realized that
Frozen food division, which had been growing at 2.8% (compounded annual growth) rate since 2003 to 2007 and accounted for almost 33% of
GCP's overall business volume, is not doing well now. The sales as well revenue volume is around 3.9% behind the target. Most specifically marketing
margin (key parameter for GCP business) was also under plan by 4.1%. GCP had been doing well in wall–street but performance of past couple of
quarters has increased the worries of GCP i.e. whether GCP will able to maintain its profitable growth. GCP is expecting FFD to deliver the sufficient
growth to... Show more content on Helpwriting.net ...
| * Retailer may not put extra effort to sell the product quickly, as he would have already received his profit margin. * As mentioned in the case
"Daft" is expected to launch his product in January'09, the retailer may promote Daft's product more if received extra margin than GCP. * The
retailer may not sell the product at lower rate during the promotion period and keep the margin with him. * The retailer may keep selling the
product at promotional price even after the promotion week is over. This may damage the brand value of the product.| Pay for Performance| * The
retailer will try to promote our product to get more and more incentive. * We need to pay based on the performance of the retailer => Saves
money.| * There is a risk of Daft coming into the market and getting edge over GCP's product in the same way mentioned above.| Prefixed target| *
The retailer will be incentivized to sell more products of GCP quickly to get the conditional profit margin. * The competitor may not be entertained
by the retailer as he already has a particular product with target sales. * The risk of stock piling will be less.| * The retailer may not like this option
as it binds him to achieve a specific target to get incentive. * If the retailer is lagging behind the target, he may lose interest in
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Essay about Sociology: Toy Store Analysis
Blake Holt Sociology 101 Professor Solari 18 April 2011 Beauty is in the Eye of the Corporation "I'm going to Disney World!" shouts the quarterback
of the winning team. This scene is played out every year in front of millions of football fans watching at home with their children. Who is this
advertisement focused on? Is Disney Corp. telling grown ups they should vacation there because that's where rich football players go? Absolutely not!
This promotion is bypassing the grownups altogether and attacking their true target audience. Disney's marketing demographic is children. Everything
about Disney is designed to entertain and capture the attention of kids. Disney is not only creating a market based solely on children it is... Show more
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Karl Marx and Friedrich Engels stated in Manifesto of the Communist Party that the "bourgeoisie...must nestle everywhere, settle everywhere,
establish connections everywhere." While Marx uses the term bourgeoisie modern societies know this group as the capitalists. The individuals and
organizations that constantly seek out the consumer no matter who, what, where, or how old they are. It is in this constant pursuit of the next big
money maker that Disney found the "Princess". With it they have become everything exciting in a young girls life. With the amazing success and
profitability of the princess story Disney has cornered the market on what it is to be beautiful and popular as a young girl in our world today. This
profitability wouldn't be so bad if the product was diverse but well over 80 percent of the Disney store in the South Shore Plaza Mall is strictly based
on their princess characters. The princess story is not a bad influence until it becomes the only influence. Peggy Orenstein presents this problem
perfectly in the New York Times piece What's Wrong With Cinderella? as she sited the work of Lyn Mikel Brown who argues that it is not that Disney
is offering girls the princess but rather that it is all they are offering. From this one minded focus can also come some unintended consequences
stemming from the homogeneity of the racial makeup of the product. It was immediately evident while observing the merchandise that the
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Consumer Confidence : Product Lifecycle Pricing
Consumer Confidence in CSR Brands Product lifecycle pricing provides the firm a systematic way of understanding the true price of a product,
including externalities, in their product creation process. In traditionally, the company only considers the costs of the end product. For instance, a
company creating a product with multiple components sourced from various manufacturers looks at quality and price of the components to manage the
costs of the final end product. Product lifecycle pricing encourages a company to consider the full cost of the subcomponents that make up the final
product. Full cost includes not only quality, but a quantitative price attached to each step from the impact to the earth when extracting the materials for
the product, the energy used to build the product, the living wage and working conditions of the people who manufactured the product, the impact to
the environment in the community where the product was manufactured, and the disposal of the product at the end of its product life (Chandler, &
Werther, 2014). If a CSR promoting company does not fully evaluate and understand the lifecycle, starting from the very beginning of the product
creation steps, they run the risk of exposing their brand, and reducing brand equity, due to negative press in the event that poor CSR practices occurs
anywhere along the lifecycle. Additionally, CSR positively affects supplier behaviors in the business–to–business (B2B) marketplace (Pai, Lai, Chiu, &
Yang,
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Technical Consumer Products, Inc. Essay
Technical Consumer Products, Inc (TCP) makes and distributes energy–efficient lighting products. Emily Bahr was TCP's district sales manager in
Minnesota, North Dakota, and South Dakota when the company announced the details of a bonus plan. A district sales manager who achieved 100
percent year–over–year sales growth and a 42 percent gross margin would earn 200 percent of his or her base salary as a bonus. Bahr's base salary was
$42,500. Her final sales result for the year showed 113 percent year–over–year sales and a 42% growth margin. She anticipated a bonus of $85,945, but
TCP could not afford to pay the bonuses as planned, and Bahr received only $34,229. In response to Bahr's claim for breach of contract, TCP
argued that the bonus plan was too indefinite to be an offer. Issue: Is TCP correct? Explain. [Bahr v. Technical Consumer Products, Inc, 601
Fed.Appx. 359 (6th Cir. 2015)] Decision: Technical Consumer Products cannot, nor could or should any other company succeed with this argument
that the bonus plan was too "indefinite." Legal Reasons: From a legal standing, the company's position is indefensible. Beginning with the position
the company began to take, the company was aware of the salary each employee earned and therefore had to consider what a 200% bonus for each
employee would look like before making the offer. Based on this fact alone, Bahr has every right to demand the full 200% bonus and take legal actions
where the company fails to pay the full amount of
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Strategic Action Disney On Consumer Focused Initiative Essay
MKT 220
Buyer Behaviour
Report Prepared For:
Anika
Report Prepared By: Vishal Trivedi
Student ID: 14044674B
Date: 13 May 2015
Table of Contents
ContentsPage No
Part A 3–7
Part B 8–10
Part C 11–14
Bibliography 15
Part A
Question 1: Which strategic action Disney took in terms of consumer focused initiative? Given Example.
The Walt Disney Company is a leading international entertainment and media enterprise founded in U.S. It operates five separate Disney segments:
Media Networks, Parks and Resorts, The Walt Disney Studios,Disney Consumer Products and Disney Interactive. Disney Media Networks is the most
significant Walt Disney business segment. Disney products include television programs, books, magazines,
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The Product And Meeting Consumer Needs
Our product is a consumer product, the Crossfire 5.0. The Crossfire 5.0 is an athletic shoe with interchangeable soles, suitable for most sports. The
shoe is made with mesh for easy breathing and features a high ankle for support. The side presents the logo for easy identification of the shoe. The
Crossfire 5.0 allows athletes to use the same shoe for both training and in season work. The sole is easily switched with two push buttons on the side
that lock the sole in place. Having this option will keep the number of shoes that athletes have to own to a minimum and allow them to adapt to many
different situations.
Our Product And Meeting Consumer Needs
The All Sport Crossfire 5.0 reaches out to consumers as a multiple use shoe with durability, strength, and lightness. Its high end production will make it
be competitive to brands such as Nike or Under Armour. The product will be more attractive and appealing to multi–sport athletes, who often have to
purchase several shoes to play their desired sports. By producing the All Sport Crossfire 5.0, we will economically save those athletes some amount of
money if not hundreds of dollars.
Product Uniqueness
The All Sport Crossfire 5.0 offers something unique to its product niche. It is a shoe capable of performing multiple duties across multiple sports. Its
high end nature for a market price of $120 makes it economically affordable for many athletes and is a great deal rather than purchasing more shoes. It
comes with
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Analysis Of Walt Disney Company And Discussing All Of The...
During the semester we have completed several S.W.O.T analyses on multiple companies. A SWOT analysis "is an analytical framework that can help
your company face its greatest challenges and find its most promising new markets" (Taylor). The discussions in class talked about several topics
including the company's background information, strengths weaknesses, opportunities, threats, corporate strategy, business strategy, structures
/ controls and recommendations. In this paper I will be analyzing The Walt Disney Company and discussing all of the topics listed above. I will list
out different point and them confirm and back them up with the research I have found. Background: The Walt Disney Company is widely known
around the world. Strengths When looking at a company's strengths you have to look internal to see what they are doing right and what they have
control over. Listed below are some strengths of The Walt Disney Company. 1.The Walt Disney Company is socially conscience and is a very
charitable organization. They help in any way they can to ensure that families are able to live their lives to the fullest. "Disney is committed to
strengthening communities by providing hope, happiness, and comfort to kids and families who need it most" (Philanthropy –Charitable Giving,
News, Volunteering). Last year Disney donated over $300 million to non–profit organizations that help kids in need through methods of charitable cash
donations and public service announcements. They also
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Consumer 's Response And Reaction Of Brand Named Products...
Introduction
Consumers are considered a very valuable asset to any major company, so observing why they are more likely to purchase one brand of the item over
another is important to investigate. Also, it is vital to recognize how to retain their loyalty for years to come. With the help of grounded theory
methodology, this research paper will evaluate a consumer's response and reaction to brand–named products versus generic products that have been
examined and studied for many years. For many years, researchers have questioned the reason that a consumer grows attached and likes vs. dislikes
certain branded products, the answer remains open–ended. Many things can interfere with the consumer's resistance to new products being introduced
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If the marketing of non–branded products were to receive specialized equivalent advertising, the demand for brand named products will decrease. The
term "Brand Love" is a connection and emotional attachment to a brand of products because of the pleasures, satisfaction and feelings that it gives the
consumers. As discussed in the Marketing Science Institute article, "it might be explained with reference to the psychological literature on
interpersonal love. But the deep sense of fit between customers and brands like Apple, Harley, and Starbucks." (MSI 2012).
Hypotheses
To examine this hypothesis I will have to make sure this hypothesis is ample to research, has been explored with previous data collected, so that the
question is opened for observation and will be able to provide answers. In a past research study, Brand image as a function of self–image and
self–brand connection describes, "How brand image relates to a self–image and how brand consumption contributes to the construction of self. Most of
the research on brand image refers to brand attitudes. Day (1970) considers attitudes "a central integrating feature" in marketing theory and advertising
evaluation." (Mocanu 2013)
The research question guides the basis of activities of any research study. The research questions on which this study will be centered are discussed
below:
In your opinion, "How do brand–name items differ from generic products?"
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Consumer Behaviour
1.0 SECTION A
1.1 PRODUCT INFORMATION
Original Brand Name of Product:
Billabong International
Product Class:
Surf Brand
Description:
Created by two avid surfers, Billabong is a brand designed by surfers, for surfers. In 1973, Billabong offered little more than a small range of surf wear:
mainly surfboards and board shorts. But today, Billabong is a brand that encompasses the Australian surf culture by offering products that cater not
only for the surfer inside many of us, but for fashion and lifestyle needs.
1.2 CURRENT TARGET MARKET
Billabong is a brand that offers numerous products designed to accommodate numerous lifestyles. Included in their extensive range are products
designed for surfers, general beach goers, skateboarders ... Show more content on Helpwriting.net ...
It is desirable to develop demographic and psychographic profiles of these likely consumers (the target audience).
Accurate details of a target audience can only be obtained by means of credible market research practices. However, inferences and assumptions can
be made beforehand to aid any research. Some of the demographic characteristics of the Billabong target audience are, as mentioned previously, males
and females between the ages of around 12 – 35 (although advertising is usually specific to one particular gender as seen in the example of Appendix
A). Such individuals are predominantly situated in coastal regions where the beach/surf/sun culture thrives (as clearly demonstrated in Appendix A),
although there are significant deviations from this trend especially in recent times with such a broad, climate and geographically unbiased product
range spanning some 2200 lines in Australia alone (Billabong International 2004). Economic factors can sometimes play a role in defining a target but
in this case the audience is not necessarily limited to any specific economic traits; for example, income brackets are not easily defined for consumers
as Billabong International offers such a variety of products satisfying both functional lifestyle needs and fashion influenced desires, hence the user's
likelihood of purchasing is expected to be more dependant on the psychographic factors of
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How Does `Lifestyle' Branding and Marketing Add Value to...
Essay Marketing: How does `lifestyle' branding and marketing add value to products and services from the perspective of consumers?
In order to see how lifestyle branding and marketing adds value to products and services from the consumers perspective we need to start by explaining
that the core of the consumer society is not the product or service offered but the consumer itself. Holbrook & Hirshman 1982 "characterize
consumption as a flow of fantasies, feelings & fun, and focuses upon the symbolic, hedonic and aesthatic nature of consumption" thus we can
argue that consumption is a psychological process through which people demonstrate social status, happiness and a self–identity. Engel, Blackwell
& Miniard 1995 defines ... Show more content on Helpwriting.net ...
Each of these reference groups can also convey different types of influence. First there is informational influence – this occurs when an individual turn
to another to obtain more accurate information. Second, there is value–expressive influence which is "is characterized by a need for psychological
association with a group through the acceptance of its norms, values and behavior." This type of influence can lead to normative compliance where a
person privately rejects the views of a group but publicly accepts them out of fear of rejection.
Solomon 1994 "suggests that lifestyle is about shared values or tastes, particularly those reflected in consumption patterns. He links people, products
and settings to express consumption style, or lifestyle. The lifestyle product comes with a social situation" So, we can argue that individuals
conforming to certain influence groups, define one's self through lifestyle. Increasingly firms and society have experienced a shift in focus from special
qualities and advantages of the product toward "what the mass of unregenerate mankind wanted – to be young and desirable, to be rich, to keep up with
the jonesses, to be envied" (L.Allen, 1931) thus from transaction–based to relationship–based marketing in order to create better value for consumers.
Firms are continously "searching for ways to create strong emotional brand
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Inside The View Of The Consumer Buys Judgment On Product
CHAPTER–II 2.0LITERATURE REVIEW: Inside the view of (RITA KUVYKAITE) (2009) package (catchesbuyer'smind) to precise item for
consumption and they control the consumer buys judgment on product. In (2001) below forest, (KLEIN & BURKE) Package inserts only
importance to the product. In (2004) (SILAYOI&SPEECE) assumed to package participate significant regulation to distinguish through a
combination of related products. In (2007) (WELLS FARLEY & AMERSTRONG) supposed with the purpose of they participate essential
function in achieve consumer buying decision. (ALICE LOUW) (2006) say with the purpose of packaging is as well important inside the
marketing background. According to him the mainly outstanding packaging disappear the good quality representation of the item for consumption
in the consumer brains. In (2003) according to the study of (P.H.K.PRATHIRAJA AND A.ARIYAWARDANA) the Consumer is able to basically
pay impressive further for that in sequence which is on the food stuffs. According to article effort of (LIANG LU) (2008) he says with the purpose
of packaging as an excellent instrument for the product. Packaging has to be efficient, it should be care for the products in storage space,
transferring and as well in used. A dissimilar purpose is to specify the customers the simplicity way in and used on the function of practicality.
(ULRICH R. ORTH) (2009) says with the purpose of packaging propose be able to be used for structure the variety uniqueness. all over the
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The Consumer Protection Laws : Consumer Product Protection
Consumer Protection Consumer protection laws are government and state statutes representing deals and credit works on including consumer products.
The objective of consumer protection laws is to place consumers, who are normal residents taking part in business arrangements, for example,
purchasing products or getting cash, on an even standard with organizations or natives who consistently take part in business. Generally, consumer
exchanges–buys of merchandise or administrations for individual, family, or family utilize–were assumed reasonable in light of the fact that it was
accepted that purchasers and merchants bartered from equivalent positions. Beginning in the 1960s, governing bodies started to react to dissensions by
consumer advocates that consumers were naturally distraught, especially when haggling with substantial enterprises and ventures. A few sorts of
organizations and statutes, both state and government, now work to ensure consumers. Consumer Product Safety Commission In 1972, Congress set
up the Consumer Product Safety Commission (CPSC). It is the occupation of the CPSC to shield consumers from flawed or hazardous items by
instituting compulsory wellbeing principles for those items. The CPSC has the specialist to restriction items from the commercial center or to review
items (when an item is reviewed, it is expelled from the racks or deals parcels, and consumers might have the capacity to return it to the maker or
place of procurement for repair,
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What are the Volvelles? Essay
"Astronomicum Caesareum" – Volvelles (DONE) Created in the Medieval period, the volvelles consisted of paper disks, anchored in the centre, where
one paper holds still, while the other rotates beneath it.The Volvelles originated in the 12th Century,evolving during different periods and where
influenced according the era in which they where created. "The "Emperor's Astronomy" Astronomicum Caesareum from the private press of Petrus
Apianus is one of the great masterpieces of sixteenth–century printing." (Gingerich, n.d.). This is an example from the Reneissance period. A a cultural
movement that spanned the period roughly from the 14th to the 17th century. Though availability of paper and the invention of metal movable type
sped the... Show more content on Helpwriting.net ...
Beginning with paper dolls (The History of Little Fanny, S.J. Fuller–1810), the use of movable paper proliferated as elements in books, especially in
England and Germany.The Victorian era, the era in which pop–up books originated was a long period of peace, prosperity, refined sensibilities and
national self–confidence for Britain. Ernest Nister a 19th century publisher who specialized in movable books, was capable of producing works by
all of the major processes of the time. However, despite his wide range of publishing endeavors, he is best known for his movable books that were
published from 1890. Nister's works were similar to those produced by his contemporaries, but Nister's illustrations stood up automatically. The books
had figures that were die–cut and mounted within a three–dimensional peepshow framework. The figures were connected by paper guides so that as
the pages were turned, the figures lifted away from the page within the perspective–like setting. As I said while analyzing "Volvelles", the pop–up
books are the result of more depth engeneering of the volvelles. As a technqiue both are made out of paper cut–outs. The only difference is that the
volvelles are two dimensional, while pop–up are thre dimensional. Nowadays
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U.s. Consumer Product Safety Commission
The U.S. Consumer Product Safety Commission, have to protect the consumer from dangerous risk of injury of death that is associated with many
kind of consumers products under the agency's jurisdiction ( wwwprnewswire.com/news 2015). There have been many deaths and it has caused the
world trillions of dollars annually, there has also been chemical and mechanized hazards, Products has worked hard to make sure all products are safe
(Seaquist, 2012). Products recalled include Toys, Cribs, tools, Cigarettes lighter and household chemicals, the product safety have to make sure that
there is a decline in death and injuries that has been associated with bad products (http://www.cpsc.gov/index.html). The federal law has made sure that
people do not sell products that are subject to voluntary recall by manufactures or mandatory recall, which is ordered by the commission. In the final
analysis everything is based on making sure the consumer is protected, it is all based on safety (http://www.cpsc.gov/index.html). The Product safety
Act were established 1972 in congress the safety acts guarantees safety for consumer's products. The CPSC is another independent administration that
makes sure rules and regulations are followed with the safety of all products, they enforce very strict guidelines for consumer safety. The were
established to make sure that there are no unreasonable injuries or death, to make sure the manufactures tread the straight and narrow. The product
safety act forces
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Using Metal And Plastic Products For Consumers
3–D printing came about in the 1980s (Atala & Murphy, 2014). This printing method made it possible to print materials in layers to eventually form a
solid 3–D structure. The possibilities of this printing were considered for manufacturing products for consumers (Atala & Murphy, 2014). The original
3–D printers were capable of making objects, but these objects weren't durable enough to last long (Harris, n.d.). The original printers were mainly
used to create models. The process used to create these models was a "laser to solidify a polymer material extruded from a nozzle" (Harris, n.d.). It
wasn't until the 1990s that the different materials of metal and plastic were used together in conjunction with the computer following an engineer's
layout of the product. The new technical layout scheme and materials made it possible to produce a sturdier product that would last (Harris, n.d.).
These new developments led to medical researchers considering the possibilities of producing human tissues and organs. The researchers realized that a
human organ is a 3–D object with width, height, and depth that could be manufactured the same way car parts could (Harris, n.d.). There were multiple
limitations to make a 3–D printer capable of producing human tissue or organs. A few restrictions were to find another material besides plastic that
would last inside of a human and to make a machine that was capable of printing living human tissue without destroying the cells in the process.
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E-business: Easy Learning Outcome
Chap14: E–Business
Multiple Choice
1. What is the buying and selling of goods and services over the Internet?
A. E–business
B. E–commerce
C. E–market
D. E–mall
Ans: B
Level: Easy
Learning Outcome: 14.1
Response: This is the definition of e–commerce.
2. What is the conducting of business on the Internet, not only buying and selling, but also serving customers and collaborating with business partners?
A. E–business
B. E–commerce
C. E–market
D. E–mall
Ans: A
Level: Easy
Learning Outcome: 14.1
Response: This is the definition of e–business.
3. Which of the following represents any business that sells its products or services to consumers over the Internet?
A. B2B
B. B2C
C. C2B
D. C2C
Ans: B ... Show more content on Helpwriting.net ...
A. Electronic auction
B. Forward auction
C. Reverse auction
D. All of the above
Ans: B
Level: Easy
Learning Outcome: 14.4
Response: This is the definition of forward auction.
16. What type of online auction occurs when buyers use it to purchase a product or service, selecting the seller with the lowest bid?
A. Electronic auction
B. Forward auction
C. Reverse auction
D. All of the above
Ans: C
Level: Easy
Learning Outcome: 14.4
Response: This is the definition of reverse auction.
17. What is a community of interest?
A. People interact with each other on specific topics, such as golfing and stamp collecting
B. People come together to share certain life experiences, such as cancer patients, senior citizens, and car enthusiasts
C. People participate in imaginary environments, such as fantasy football teams and playing one–on–one with Michael Jordan
D. None of the above
Ans: A
Level: Easy
Learning Outcome: 14.4
Response: This is the definition of a community of interest.
18. What is a community of relations?
A. People interact with each other on specific topics, such as golfing and stamp collecting
B. People come together to share certain life experiences, such as cancer patients, senior citizens, and car enthusiasts
C. People participate in imaginary environments, such as fantasy football teams and playing one–on–one with Michael Jordan
D.
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Disadvantages Of E-Business
E–business is the short form of electronic business. E–business is the conducts of business which using internet to process. Electronic business, or
e–business, is the use of the Internet to conduct business. This is a lucrative and highly profitable domain (Natasha Gilani, 2017). The process of
e–business is include the buying and selling goods, supplies and services, process payments such as Maybank to you, servicing customers, control and
managing the products, sharing information between one and other, recruiting, collaborating with your business partner, and running automated
employee service. The industry's e–business adoption lags behind similar industries such as tours and travel (Article, 2013).
One of the major types of e–business ... Show more content on Helpwriting.net ...
It is a transaction which business sell their goods or service to the consumer. For example, consumer could do online reservation for the air ticket
themselves by using the airline reservation system. For more instance, consumer could book their room through the hotel page nowadays. Next of the
major types of e–business for hospitality industry is the Business–to–Business (B2B). Business–to–Business is the online business which selling the
goods to the other business. This type of e–business is for the aim of conducting commerce or business between one companies with another company
as they exchange the electronic documents in purchasing the goods and service. Companies which using B2B E–commerce could improve the
relationship and communications among the other companies. Companies which using Business–to–business are incline to be high volume and not
focus on small transaction result. Example for Business–to–Business in hospitality industry is the corporate customers, government, company trips,
Event Company, or wedding planner plan to have a stay in the hotel or book the event room or banquet with huge number of member. Another
example is a company reserve an airplane seat with a large number which go for a company trip.
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The Fairytale Of Cinderella By James Poniewozik
Each and every child grows up viewing Disney movies, wearing princess gowns, and buzz lightyear suits. The parents of these children are the
individuals purchasing these Disney costumes, toys, candy, and other related items for their children. Our society today accepts Disney and their
culture of entertainment as a part of a child's childhood experience without second thought. Elements of the fairytale of Cinderella has adapted over
time to please the culture in which it is told; yet in today's culture, adaptation to these elements is taken to where it has never been. In "The Princess
Paradox," James Poniewozik says, "You can have the girly dream of glass slippers and true love, these films say, as well as the womanly ideal of
self–determination and independence and any contradictions between them are no match for the movies' magic" (Poniewozik 324). Peggy Orenstein
compliments Poniewozik's article because she states, "The first Princess items, released with no marketing plan, no focus groups, no advertising, sold
as if blessed by a fairy godmother" (Orenstein 327). Poniewozik is trying to argue that films have altered the story of Cinderella in the 21st century
cinema realm due to the addition of the concept of feminism, women 's separation from men, and the traditional magic implemented within them.
Orenstein marries these articles together indirectly by pointing out that Disney legitimately had no marketing plan, yet they continue to rake in money.
The reason Disney
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Consumer Shopping Behaviors And Brand / Product Preference
Review of Literature
Consumer Shopping Behaviors and Brand/Product Preference
Consumer shopping preference and behavior have a huge effect on the marketing share and benefit. Studying their shopping orientation is helpful in
understanding and targeting the costumer; it could be analyzed based on their reaction on certain brands or products. In the demographic information
in all class levels of college students 77.8% are female, 22.2% are male. In addition, 63% said their parents paid for them. (Bahng, Kincade, & Yang,
2013). Buying a product of a certain brand is more than just buying a product; that product is a symbol of that brand assigning a different meaning of
the product. A brand develops over time. When you buy a product the value of the brand is more than the product. It communicates with people
non–verbally. People will receive that message clearly and understand your social status just based on the brand you choose to purchase. In total 320
respondents are participated with the age group of 15–40, which included 162 males and 158 females (Rajput, Kesharwani, &Khanna, 2012). With
greater affluence, the children have more opinion about their appearance when it comes to shopping. They are making their own decisions by asking
their parents to buy certain brands or specific products based on their self conception. A little over half of the participants are age from 30–34, about
46% were housewives, and more than 43% of the interviewees household income level was
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An Inconvenient Truth Arises When Consumer Products Fail
Trevir Nath
An inconvenient truth arises when consumer products fail to operate as they were intended to. When purchasing a large item such as an automobile,
consumers anticipate their investments to function properly and safely. However as witnessed over the years, producers and manufacturers are hit with
product recalls frequently. Aproduct recall is the process of retrieving and replacing defective goods for consumers. When a company recalls a product,
the company or manufacturer absorb the cost of replacing and fixing defective products for consumers. For large companies, the costs of repairing
faulty merchandise can accumulate to multi–billion dollar losses. Notably car manufacturers Toyota (TM), General Motors (GM), and Honda (HMC) ...
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In the event an unsafe or defective product has been released to the public, a product recall is issued by the supplier. The government agencies
associated with product recalls consists of the Consumer Product Safety Commission (CPSC), Food and Drug Administration (FDA), and National
Highway Traffic Safety Administration (NHTSA) to name a few. Over the past 20 years, notable recalls have occurred in the automobile, drug, and
consumer electronics industries. In the early 2000's Ford and Firestone Tires issued a recall of 6.5 million Firestone Tires on Ford vehicles. The
defective tires resulted accounted for 1,400 complaints, 240 injures, and 90 deaths in the United States. Likewise, Toyota witnessed a massive recall
from 2009 to present resulting in a recall of over 10 million vehicles. A result of numerous issues including stuck gas pedals and faulty airbags. The
drug industry has also been at the forefront of devastating recalls. In the early 2000s, the drug manufacturer, Merck (MRK) recalled arthritic medicine,
Vioxx, which increased the risk of heart attacks. The financial consequences cost Merck $4.85 billion in settled claims and lawsuits. Recently Keurig,
coffee machine manufacturer, recalled 7.2 million single service brewing machines due to claims of overheating. Regardless of the industry which the
recall occurred, it is evident that each company has withstood financial and reputation costs.
Financial Implications As
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Giant Consumer Products Case Summary
Giant Consumer Products, a company in the packed food industry, experienced an above industry average growth in previous quarters but suddenly
the company has encountered a decline in sales in its frozen food division as customers purchase less frozen food and more from another type of food.
Both sales volume and marketing margin were 4% under than expected and prices were not reduced to fitful demands. Concerns about the company's
financial status began to rise leaving FFD with a difficult decision to whether a national sales promotion for one of its brands, Dinardo's or Natural
Meals, should be launched with the goal to fitful demands and ultimately increase sales volume. This decision would be made after collecting various
information about
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Business Forecasting : Consumer Behavior For Green Products
Econometrics and Business Forecasting – Consumer Behavior for Green Products
University's Name
Submitted by Names:
Tutor:
Date: Introduction Consumers in the 21st century have become more aware and well informed about the products they purchase in the market. There
is unlimited access of this information to the public with platforms such as the social media and the internet playing a crucial role in increasing access
to information. Further, most of the products in the market today can be customized. However, the demand for eco–friendly and green products has
significantly increased in the market. Green products are defined as products that are eco–friendly and safe to use (Mazar and Zhong, 2010). Customers
also want products ... Show more content on Helpwriting.net ...
286). Green marketing has become an important element and stage for producers and therefore most of the companies are working towards including it
in their strategic planning. Further, the ability to produce green products enables a company to enjoy competitive advantage over other competitors in
the market. As a result, the company is able to position itself in the market in a way that will maximize performance and sales. Considering how
important and essential green products are to the economy, it is a pity that most of the producers have given it little attention. Manufacturers do not
realize the importance and role of these products in the market. Further, the supply of these products in the market has also influenced the consumer
product choices because they feel the products meet and satisfy their needs and want exhaustively. Studies have also been performed with the aim of
evaluating the relative importance of green products to the consumers (Chan, 2001). These studies are crucial because they provide insights on how the
consumers determine green products.
According to Wassells et al. (1999), while consumers are in search for products that are eco–friendly, it is quite difficult to assess the environmental
attributed of product. Consumers also do not have a proper scrutiny of identifying the specific characteristics of a product. As such, it becomes even
more difficult to identify and locate the green products.
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Why Consumers Buy Products Over Other Similar Products Essay
A trip to the local grocery store seems like a mindless everyday activity of providing nourishment and basic needs for your family. However, many
consumers fail to realize how much consideration, time, and money is allocated by businesses attempting to understand why consumers buy products
over other similar products. In Klein's "No Logo" article she provides the history of branding and how companies have evolved their techniques to
attract consumers. In Satel and Lilienfeld's article "The Buyologist is in" they provide information regarding scientific methods researchers use, mostly
focusing on neuromarketing, to penetrate the subconscious mind and market directly to consumer's brains, bypassing their conscious minds. The
efforts of branding and neuromarketing have significant impact on how consumers purchase the items presented to them. In the article from Huang &
Zhou, "Negative effects of brand familiarity and brand relevance on effectiveness of viral advertisements" they open the discussion on advancements in
technology and social media used by consumers that leaves companies attempting to understand the most effective way to reach their audience.
Considering that there are significant amounts of money invested in neuromarketing, branding products, and developing the company's lifestyle brand
to attract loyal customer's companies should ensure their methods are effective. Strategic branding isn't focused on the product, but it creates a feeling
within the
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Consumer Electronic Products, Telecom Industry And...
I.Consumer electronic products, telecom industry and globalization –
The focus of this paper is to review the sourcing strategy of Apple, a technology company providing consumer electronic product, and examine if it is a
good fit for telecom industry to adopt the same strategy.
Consumer electronic by definition is any device that contains an electronic circuit board and is intended for everyday use by an individual to enhance
the quality of life. These devices can be found in communication, office and entertainment products. Some examples of consumer products are
television, personal computer, cell phone, refrigerator, washer and dryer. Traditionally, consumer electronic refers mainly to products that installed or
used specifically at ... Show more content on Helpwriting.net ...
The advancement of technology has made distinguishing some consumer electronic products from telecom equipment difficult. For example, cell
phone and laptop are both categorized as consumer electronic product by the definition of consumer electronic product. However, since cell phone
is a tool for communication, it also can be categorized as telecom product as per the definition of telecom equipment. Similarly, laptop can be used to
communicate via VoIP as well as exchange information over a distance. By definition, laptop also fits well as a telecom product. Conversely, telecom
equipment such as modem and router can also qualify as consumer electronic products as they are both everyday use devices to many individuals to
enhance quality of life. For the purpose of this paper, we will categorize cell phone and laptop as consumer electronic devices and keep router and
modem in the telecom equipment section.
As the internet and hand held device technologies continue to advance, the area of interconnect between the telecom and consumer electronics
industries have together reshape the consumer behavior. People no longer have to rely solely on telephone or telefax to communication or exchange
information in distance. The texting feature on the cell phone, for example,
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Deer Consumer Products Case Summary
Deer Consumer Products, Inc.
1)All–Powerful CEO
п‚џAll–powerful CEO and CEO duality. Ying He is the CEO and also the Chairman of the Board of Directors.
2)Focus on Short Term Performance Goals
п‚џInflated sales, profit margins, and account receivables, while failed to disclose direct competition from entities related to its chairman.
3)CEO is Uncomfortable with Criticism
п‚џOn May 2, 2011, Deer issued its own press release and asserted that "its common stock has been manipulated in collusion among naked short
sellers." It asserted that the class action lawsuit was part of the attempted manipulation. Deer further asserted that the supposed analyst, Alfred Little, is
a phony identity used by one or more illegal short sellers in the short seller sale scheme."
4)Weak or ... Show more content on Helpwriting.net ...
Also, Deer had impossible high of its return on investment. Then Alfred Little hired an independent third party research group in China, who found that
Deer products were not available at these stores.
5)Questionable Business Strategies with Opaque Disclosures
п‚џDoubtful revenue recognition policy. The two requirements of revenue recognition are it can be earned, and also be realized. Therefore, Deer
shouldn't recognize revenue as soon as the shipment to stores, it should recognize the revenue until its products were sold.
п‚џDisconnection between net income and operating cash flow.
п‚џInflated sales, profit margins, and account receivables, while failed to disclose direct competition from entities related to its chairman.
п‚џBought a land use worth $22.2 million for construction usage, and inflated to $23.2 million under intangible assets. However, the land's real cost
was $11.3 million. Deer exaggerated the cost of this land purchase by almost 100%.
6)Others
Old Directors
п‚џArnold Staloff, the director of Deer, was 66 years old.
Ineffective Risk Management
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Literature Review
Literature Review Study of representation of women in Walt Disney Cartoon Characters.
Title: Study of representation of women in Walt Disney Cartoon Characters.
Introduction: As long as there have been civilizations, there have been stories, myths that are told to children. These stories are usually the basis of the
cartoons characters except some which are from creator's imagination. This story telling is a means of not only comforting and amusing a child, but of
teaching the child the societal norms of their nation. These are memorized by children and remembered forever. Children idolize their favourite
character, the character they have most in common with and are best able to identify with, and try to emulate that character's ... Show more content on
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9) Why Disney has changed certain things from the original fairytales? 10) Is there any change in the characterization of the cartoons ? 11) What about
the Villains in Disney– Why all evil women have special powers in their aid whereas males simply use violence? Is Disney sexist? 12) Also why are
most of the princes do absolutely nothing but to chase the princess?
It will also help me predict a little about Disney's characterization of upcoming cartoons characters.
Background: The history of Walt Disney, and the Disney Corporation, is one shrouded in admiration and accolades for the accomplishment of the
American dream. Walt Disney himself is an icon for the American work ethic, i.e., hard work pays off. He is seen as a Horatio Alger, "rags to
riches," success story. Beginning his work in animation in the 1920s, Walt Disney gained fame worldwide for his films and theme parks. But Walt
Disney created more than films and theme parks. By infusing them with an ideological stance glorifying "the American way of life," his brand of
democracy and conservatism, he created a cultural institution. The moralistic stance of his enterprise became common knowledge and it is said that
his 1933 version of Three Little Pigs was the last of his cartoons in which the film's moral messages were open to interpretation [3]
By 1941 it was estimated that one in three
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Impacts of Consumer Choice on Related Product Branding on...
IMPACTS OF RELATED PRODUCT BRANDING ON CONSUMER CHOICE OF COMMODITIES.
A CASE STUDY OF COCA COLA DRINKS KIAMUNYI ESTATE(NAKURU).
A RESEARCH PROPOSAL SUBMITTED IN PARTIAL FULFILLMENT FOR THE REQUIREMENT FOR THE AWARD OF BACHELOR OF
COMMERCE DEGREE, TO THE FACULTY OF ECONOMICS AND BUSINESS STUDIES.
COMPILED BY; 1) EMMA KABINDIO CM/N/035/09
KABARAK UNIVERSITY
MARCH, 2011
DECLARATION
I hereby declare that this research proposal is my original work and has not been presented in this or any other university for the award of a degree or
otherwise. EMMA KABINDIO CM/N/035/1/09 SIGN.....................
TABLE OF CONTENTS ... Show more content on Helpwriting.net ...
More than 500,000 brands are registered globally with pertinent regulatory bodies in different countries. Brands serve their owners by allowing them to
cultivate customer recognition of, and loyalty toward, their offerings. Brands also serve the consumer by supplying information about the quality,
origin, and value of goods and services. Without brands to guide buying decisions, the free market would become a confusing, faceless crowd of
consumables. An established and respected brand can be the most valuable asset a company possesses. As manufacturers gained access to national
markets, numerous brand names were born that would achieve legendary global status such as Coca–Cola which is an example of initial a brand that
would become common household name by the mid–1900s.Brand extension for Coca Cola products enjoyed a great deal of popularity during the late
1990s. As product development and advertising costs increased, many companies sought to leverage the equity in their existing brands rather than
attempting to launch new brands. But businesses must be careful not to go too far with line extensions, at the risk of damaging their brand name or
diluting its
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Inderstanding Consumer Behaviour Towards Luxury Products
A Report On
Understanding Consumer Behaviour towards Luxury Products
By
Jitesh Sanghvi MMS – 137, Marketing Year 2009–10
K J Somaiya Institute of Management Studies & Research
Understanding Consumer Behaviour towards Luxury Products
Understanding Consumer Behaviour Towards Luxury Products
By
Jitesh A Sanghvi
Under the guidance of
Mar. Nilesh Talreja Senior Executive Interface Communication
______________ Designation SIMSR, Mumbai
K J Somaiya Institute of Management Studies & Research
May–June, 09
Jitesh Sanghvi – MMS –137, Marketing
Page 1
Understanding Consumer Behaviour towards Luxury Products
Certificate
Jitesh Sanghvi – MMS –137, Marketing
Page 2
Understanding Consumer ... Show more content on Helpwriting.net ...
Method: Primary research was done in two steps. пѓ Qualitative Research – Depth Interview Method пѓ Quantitative Research – Survey Method
1) Qualitative Research: For qualitative research, few high income people were asked open ended questions which were formulated based on the
secondary research and in line with the hypothesis. Depth interview of 10 people were taken which gave an insight into their purchase behavior and
their decision making process for a luxury good. Based on this interviews and a further review of the secondary research reports, a final survey
questionnaire was prepared.
2) Quantitative Research: For quantitative research, after making the initial questionnaire it was pretested with 5 participants and was improvised. The
final sample was 30 with target group being A and A+ socio–economic class people. In June 2009, the survey was conducted to observe the behavior
pattern of consumers in buying luxury products.
This allowed us to find out about the behaviour of the consumer towards luxury products across various income groups. Also we asked them about
what all factors Jitesh Sanghvi – MMS –137, Marketing Page 5
Understanding Consumer Behaviour towards Luxury Products influence them to buy such products and which brand of products do they feel are
luxurious. We also understood the price range that they feel makes the
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Consumer Research in the Early Stages of New Product...
Consumer research in the early stages of new product development Issues and applications in the food domain Ellen van Kleef Promotor:
Co–promotor: prof. dr. ir. J.C.M. van Trijp Hoogleraar in de marktkunde en het consumentengedrag Wageningen Universiteit dr. ir. P.A. Luning
Universitair docent Leerstoelgroep Productontwerpen en Kwaliteitskunde Wageningen Universiteit Promotiecommissie: prof. dr. ir. M.A.J.S. van
Boekel, Wageningen Universiteit, Nederland prof. dr. K.G. Grunert, The Aarhus School of Business, Denmark prof. dr. C.M.J. van Woerkum,
Wageningen Universiteit, Nederland prof. dr. J.P.L. Schoormans, Technische Universiteit Delft, Nederland Dit onderzoek is uitgevoerd binnen de
onderzoekschool VLAG (Voeding,... Show more content on Helpwriting.net ...
Chapter 4 illustrates the problem of successful functional food innovation. This chapter provides insight in a number of strategic decisions that have to
be taken in the early stages of the development process in relation to health claim formulation, segment determination and product selection. Chapter 5
provides a comprehensive conceptual and empirical comparison of internal and external preference analysis. In addition to a comparison on statistical
criteria, this study explicitly takes the end–user perspective into account by comparing both techniques on various end–user criteria. The final empirical
chapter in this thesis (chapter 6) studies the added value of the innovation templates approach in generating and screening new product ideas. Chapter 7
summarizes the results of the previous chapters and describes the limitations of this thesis. Overall, the results of this thesis contribute to the better
recognition of the importance of consumer research in early stages of new product development and suggest methodologies that could support effective
marketing–R&D interfacing early in the process. Voorwoord De vroege fase in de ontwikkeling van nieuwe producten is van cruciaal belang voor het
uiteindelijke succes van een product. Dit is echter geen makkelijke fase, omdat vele mogelijkheden nog open liggen en keuzes gemaakt moeten
worden. Hetzelfde geldt voor het schrijven van een proefschrift. Het valt niet altijd mee om de juiste onderzoeksvragen te
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Products and Services for Consumers
Chapter 10 – Products and Services for Consumers Discussion Questions 1.Define the following terms and show their significance to international
marketing: Product diffusionInnovation Product Component ModelGreen marketing QualityHomologation Global brands1.Debate the issue of global
versus adapted products for the international market. A recurring debate exists relative to product planning and focuses on the question of standardized
products marketed worldwide versus differentiated products adapted or even redesigned for each culturally unique market. Those with a strong
production and unit cost orientation advocate standardization and others, perhaps more culturally sensitive, propose the policy of a different... Show
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Countries are also stereotyped on the basis of whether they are industrialized, in the process of industrializing or less–developed. These stereotypes are
less country–product specific; they are more a perception of the quality of goods in general produced within the country. Industrialized countries have
the highest quality image, and there is generally a bias against products from developing countries. Within groups of countries grouped by economic
development there are variations of image. For example, one study of COE between Mexico and Taiwan found that a microwave oven manufactured
in Mexico was perceived as significantly more risky than an oven made in Taiwan. However, for jeans there was no difference in perception between
the two countries. One might generalize that the more technical the product, the less positive is the perception of one manufactured in a
less–developed or newly industrializing country. There is also the tendency to favor foreign made products over domestic made in less developed
countries. Not all foreign products fare equally well since consumers in developing countries have stereotypes about the quality of foreign made
products even from industrialized countries. A survey of consumers in the Czech Republic found that 72 percent of Japanese products were considered
to be of the highest quality, German goods followed with 51%, Swiss goods with 48%, Czech goods with 32% and, last, the United States with 29%.
One final
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Consumer Choice or Influential Factors in Purchasing Products
People purchase products and services for a variety of reasons, whether it is for their own personal wants and needs, for family and friends, or for
prestige. These consumers vary in age, income, education, and lifestyles. This report briefly discusses the influences involved in consumer purchases
and identifies the consumer process used in order to purchase a product or service.
Consumer decision making is "the process of making purchase decisions based on cognitive and emotional influences such as impulse, family, friends,
advertisers, role models, moods, and situations that influence a purchase." (Schiffman & Kanuk, 2007, p. G–3)
External Influences External influences provide information about a product or service and can ... Show more content on Helpwriting.net ...
Need Recognition Recognition of need usually occurs when a consumer is faced with a 'problem' or awareness of a need. In reviewing this week's
assignment, I considered my recent purchase of a 2011 Chevy HHR. Although the automobile purchase was a major decision in itself, I had to face the
dilemma of purchasing (or not) an extended warranty package offered by the dealership. (Schiffman & Kanuk, 2007, p. 532) According to an Internet
article by Chen, Kalra, & Sun (2009):
Warranties have since become ubiquitous at the checkout aisle, and extended service contracts have become a core product for retailers, generating
about US$15 billion in revenue annually. According to Business Week, in 2003 warranties accounted for more than half of Best Buy's profit and
almost 100 percent of Circuit City's. The dealership offered a Mechanical Protection Plan (MMP), Guaranteed Automobile Protection Plan (GAP),
On–Gard Theft Protection, and Premier Vehicle Coverage for new, pre
–owned and certified vehicles, with a total service contract of $2,990.00 above
the purchase price. There appears to be two different need or problem recognition styles for consumers, which includes the actual state types, wherein
the consumer perceives they have a problem when a product fails to perform satisfactorily, and the desired state types, "for whom the desire for
something new may trigger the decision process." As I was purchasing a new vehicle and very concerned
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The Consumers Want For Products
Introduction
The consumers want for products is continuing to develop to vast measures. The amount of different ingredients or packaged foods available at local
grocery stores has flourished, for example, The real Canadian superstore or Walmart's product line. Both stores have dedicated one entire isle just for
chips, ranging from brand names to no names. The shelves are lined with brand name products and store (generic) name products. The choices seem
like that they are expanding with our beliefs to wanting more things for whatever reason. Brand name products have been said to be the known
foundational products, the original frontiers, for example Old Dutch or Lays. Over time, generic store brands have come to represent better ... Show
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Numerous studies have evaluating the effects of brand name to generic name, mostly studies pertaining to the drug companies. However, studies using
the placebo effect have been trialled and tested over the years attempting to give unbiased results. It has been an effective way to study and report. It
has become a standard in clinical drug trials to distinguish effects. The placebo effect study has been a great tool contributing to results with the least
confounding factors. In the study, the Mind–set Matters: Exercise and the Placebo Effect by Alia J. Crum and Ellen J. Langer, they tested whether the
relationship between exercise and health is moderated by one's mindset. The study's results supported the hypothesis that exercise affects health in part
or in whole via the placebo effect. Another good example of a placebo effected study, was the one done by Kirsch and Sapirstein in 1998, the
meta–analysis of 2,318 clinical drug trials for anti–depressant medication. Patients' respondents were quartered (25%) were due to actual drug effects,
another quarter (25%) were due to natural history of depression, and half (50%) were due to placebo effect. Some other placebo effects are beyond
medications or therapy, for instance, the study done by Blakes lee, 1998, were exposing subjects to fake poison ivy ended with participants
developing real rashes. What a great example of how the mind can be manipulated. It was enough for a visible
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Brand Experience Created By The Feelings And Reactions...
According to (Brakus, et al,2009.) Brand experience created by the feelings and reactions associated with the brand. These feelings are brought about
by brand design, communication, environment and brand identity. Brand experience is majorly centered on branding than other product concepts like
brand personality, attitudes, values, equity, and association. The most important thing for a consumer today is whether thebrand can add value to their
lives through positive experiences. Morrison and Crane (2009) argue that there is an emerging trend in consumer behavior and marketing with
consumers purchasing products and services based on the experiences of what is being sold. Many researchers have concluded that customers look
for services that will leave a positive experience in their lives. This has led to an increased interest to markets who want to give their clients a
memorable experience. Brand experience leads to consumer trust, loyalty, and satisfaction.
DIMENSIONS OF BRAND EXPERIENCE
Brakus, et al., (2009), states that there are four aspects of the brand experience. The four dimensions are affective, behavioral, sensory and intellectual
dimensions.
AFFECTIVE DIMENSION
Zarantonello and Schmitt (2010), concludes that the affective dimension consists of the feeling created by products and services and the emotional
attachment of the consumers to these brands. They further suggest that when consumers have a greater affective brand experience they tend to think
that the brand
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How Consumers And How Large Supermarket Chains Match Their...
Consumers generally benefits from increased competition in retailing industries as well as large supermarket chains. It is worth thinking that what
benefits shoppers gain and why it is happening. Due to fierce competition among retailing, such as Wal–Marts, Tesco, Carrefour, etc., they innovate
internal management and operational modal by grasping the variation of demand. In previous research, Sorescu et.al (2011) mention that innovation
challenges confronted by supermarkets is customer–centric. In the sense, they improve retailing processes and design products to better satisfy people's
needs. Meanwhile, Seth et.al (2005:123) show that modern markets gain profits by offering free car parking and one–stop shopping. Economically, ...
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Based on consumer purchasing behaviour, Chernev (2006) in Boyd et al. (2009) demonstrates that their decisions are relative to goods categories
which have been interpreted as a hierarchical process. This process is step by step that they choose one type and then select an option from this chosen
type. Furthermore, Oppewal et al. (1999) explain that purchasing decisions made by consumers regard to a commodity category depends on
attractiveness of a category. With respect to shoppers' preference for product assortment, past research, which has been mentioned, show that consumers
prefer large varieties because of the better choice benefits available from those. OK
In 1970, Grocer estimated a mean of products category is 7000 in each large supermarket (Hansen et al., 1978). Therefore, consumer can find goods
options accord to their preference since large kinds of goods offered by modern markets. Additionally, the varieties of commodities give them flexible
choice if they change their preference. Take 'biscuit' category in Wal
–Marts as an example, they offer multiple brands in biscuit with various taste, size
and packages, so consumers can select from those large categories based on their demands. Moreover, Borle et al. (2005) say that marketing position
of many shopping centres are one–stop shopping. Namely, shoppers can find exactly what they want without visiting multiple stores because of
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What Is The US Consumer Product Safety Commission?
The U.S. Consumer Product Safety Commission have a job to do and it is based on protecting the consumer from dangerous risk of injury of death, that
is associated with many kind of consumers products under the agency jurisdiction( wwwprnewswire.com/news2015). There has been many deaths and
it has caused the world a trillions of dollars, annually, chemical and mechanized hazards has been many, the consumer has worked to make sure that
safety it a number one factor (www.prnewswire.com/news–2015). Products included, Toys, Cribs, tools, Cigarettes lighter and household chemicals,
they have made sure that there has been a great decline in death and injuries that has been associated With products (http://www.cpsc.gov/index.html).
The... Show more content on Helpwriting.net ...
The Product safety Act will seek injunctions, to stop products that are hazardous to consumers, they will sometimes seek civil penalties, they make
sure those products such as motor vehicles, boats, aircraft, and firearms, are regulated by other government agencies as well. Safety The Product
safety Act will request the manufactured cease and decease tight away from making them. The court will issue large fines if the manufacture will not
stop making the faulty products(www.cpsc.gov).The U.s Consumer product safety commission is in charge of protecting the public, because there has
been thousands of lives loss because unsafely of products (www.cpsc.gov). Not only death and injury has been caused, it has also been property
damage from consumer's products. The CPSC has prided themselves on protecting consumers and families from safety issues(http://www.cpsc.gov
/index.html). Many recalled are voluntary, but some are involuntary, but if any products are suspected to be dangerous of. The consumer commission
protects thousand of consumer (Food, Drug and Consumer Product Act of 1972) Name of Product: Quadski and Quadski XL, the product were
recalled on 2/3/2015 Due to Injury Risk. A Quadski which is a one–seater and Quadski XL which is a two–seater. The products had very high speed
amphibious vehicles that are an ATV on land, and also operate on
... Get more on HelpWriting.net ...

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Barrows Consumer Products Essay

  • 1. Barrows Consumer Products Essay Barrows Consumer Products 1) What are some of the factors causing the problems in measuring performance in the Southeast Asia sector? Comparing the performance of divisions operating in different countries is difficult due to legal, political, social, economic and currency differences. Additionally companies in different countries may adopt different accounting standards, which makes the financial statement not comparable. Calculation on ROI, RI and EVA for subunits that operate in different countries needs to be adjusted for differences in inflation and changes in the exchange rates. Barrows currently uses two primary performance measures, Profit and ROI, for its established divisions in the U.S., Canada, Europe and Japan. It is... Show more content on Helpwriting.net ... Data unavailability also causes problem in performance measurement. Indonesia, instead of Viet Nam, got sales credit when products were supplied from Indonesia warehouses to Viet Nam customers. But solid quantitative measure of such shipments is not available. Finally, the difficulty in quantifying non–financial performance also contributes to the complexity of performance measurement. The innovative approach Viet Nam developed to cut distribution costs also benefited Indonesia and Philippines. But it is not straightforward to incorporate the benefit of such innovation into performance measurement. 2) Rank the three countries using each of the following measures of performance: Profit, ROI and EVA | Indonesia| Philippines| Viet Nam| Profit (Op Income)| 2950| 1680| 30| Beg Year Total Assets| 7200| 4000| 1880| ROI (Barrows Definition)Op Income/ Beg yr tot Assets| 41%| 42%| 1.60%| EVA using beg of yr data*| 216| 359.2|–69| * See EVA calculation at the attached spreadsheet. Advertising Expenses are capitalized and amortized over 3 years using straight line method. See amortization schedule According to the above calculations, here are the rankings: By profit: Indonesia > Philippines > Viet Nam By ROI: Philippines > Indonesia > Viet Nam By EVA: Philippines > Indonesia > Viet Nam 3) Write a one paragraph memo to Ms. ... Get more on HelpWriting.net ...
  • 2. Reasons why Consumers Adopt Environmentally Friendly Products Intrinsic motivations appear to be the reason why conservation and environmentally minded consumers adopt eco–friendlier products (Bamberg 2003). For example, intrinsically driven consumers buy hybrid cars to reduce the effects of their driving on the environment. However, there is another stream of literature utilizing other research methods that have found that pro–environmental products are often not purchased because of pro–environmental motives (Barr, 2004). In fact, in a wide–ranging study that employed dissimulated surveys on a range of products, Bamberg (2003) reported only a low to mitigate association between consumers' concern about the environment and adoption of consumption deportment that was considered to be environmentally cordial. If this is the case, is it possible that there are other reasons behind adopting 'greener' products? It is withal possible that extrinsic rewards may be a more salient reason for some consumers to adopt environmentally cordial products (e.g. Jansson, Marrell & Nordlund 2009; Stern 2000, Clark, Kotchen & Moore 2003). This is not to verbally express that these consumers do not possess intrinsic motivations, but that extrinsic reasons appear to play a more puissant role in their decision making process. Griskevicius, Tybur & Van den Bergh (2010) conducted a series of experiments and found that many of the consumers' in their sample culled environmental cordial products because of convivial or professional status concerns. In ... Get more on HelpWriting.net ...
  • 3. Products and Services for Consumers 1.Debate the issue of global versus adapted products for the international market. A recurring debate exists relative to product planning and focuses on the question of standardized products marketed worldwide versus differentiated products adapted or even redesigned for each culturally unique market. Those with a strong production and unit cost orientation advocate standardization and others, perhaps more culturally sensitive, propose the policy of a different product for each market. The issue cannot be resolved with a simple either/or decision. Cost revenue analyses need to be done and decisions made in the hard, cold lights of profitability. There is no question that significant cost savings can be realized from having standardized... Show more content on Helpwriting.net ... Industrialized countries have the highest quality image, and there is generally a bias against products from developing countries. Within groups of countries grouped by economic development there are variations of image. For example, one study of COE between Mexico and Taiwan found that a microwave oven manufactured in Mexico was perceived as significantly more risky than an oven made in Taiwan. However, for jeans there was no difference in perception between the two countries. One might generalize that the more technical the product, the less positive is the perception of one manufactured in a less–developed or newly industrializing country. There is also the tendency to favor foreign made products over domestic made in less developed countries. Not all foreign products fare equally well since consumers in developing countries have stereotypes about the quality of foreign made products even from industrialized countries. A survey of consumers in the Czech Republic found that 72 percent of Japanese products were considered to be of the highest quality, German goods followed with 51%, Swiss goods with 48%, Czech goods with 32% and, last, the United States with 29%. One final generalization about COE involves fads that often surround products from particular countries or regions in the world. These fads are more often product specific and generally involve goods that are themselves faddish in nature. European consumers are apparently ... Get more on HelpWriting.net ...
  • 4. Professional Use And Consumer Use Products Within both professional–use and consumer–use products, there are some differences, but nothing that will give a distinct comparison. Professional–use products are only sometimes directed to be used by salon professionals, not by the average user. Consumer–use products are distributed more to the drugstores, and retailers that then disperse them to the public. In fact any product in retailers would be considered a consumer–use product. Why are there differences? There are differences between these two sub–categories of products because some can be stronger and more effective than the others. If a woman walks into her local drugstore claiming to have a certain skin condition, she most likely uses her own knowledge and what is labeled on the package of the products she is intrigued by. These products are made with less active ingredients, so if the women chooses the wrong product for her skin type, there won 't be as much irritation. In fact, most consumer–use products are mostly composed of "fillers" and a small amount of the active ingredient. Even though it may mention this ingredient, having trace amounts of it will lead to minimal results. Some of these items are not even made to go below the skin's surface which allows for little to no effects on the skin. A good amount of these consumer–use products include eye–catching labels with expressions showing how well they work they are because of their components, but most of these claims are false because the small doses of ... Get more on HelpWriting.net ...
  • 5. Giant Consumer Products (Gcp) | Giant Consumer Products (GCP)| | | | A. Situation Analysis: 1. Context: In early September'08 Giant consumer Products, Inc. (GCP) realized that Frozen food division, which had been growing at 2.8% (compounded annual growth) rate since 2003 to 2007 and accounted for almost 33% of GCP's overall business volume, is not doing well now. The sales as well revenue volume is around 3.9% behind the target. Most specifically marketing margin (key parameter for GCP business) was also under plan by 4.1%. GCP had been doing well in wall–street but performance of past couple of quarters has increased the worries of GCP i.e. whether GCP will able to maintain its profitable growth. GCP is expecting FFD to deliver the sufficient growth to... Show more content on Helpwriting.net ... | * Retailer may not put extra effort to sell the product quickly, as he would have already received his profit margin. * As mentioned in the case "Daft" is expected to launch his product in January'09, the retailer may promote Daft's product more if received extra margin than GCP. * The retailer may not sell the product at lower rate during the promotion period and keep the margin with him. * The retailer may keep selling the product at promotional price even after the promotion week is over. This may damage the brand value of the product.| Pay for Performance| * The retailer will try to promote our product to get more and more incentive. * We need to pay based on the performance of the retailer => Saves money.| * There is a risk of Daft coming into the market and getting edge over GCP's product in the same way mentioned above.| Prefixed target| * The retailer will be incentivized to sell more products of GCP quickly to get the conditional profit margin. * The competitor may not be entertained by the retailer as he already has a particular product with target sales. * The risk of stock piling will be less.| * The retailer may not like this option as it binds him to achieve a specific target to get incentive. * If the retailer is lagging behind the target, he may lose interest in ... Get more on HelpWriting.net ...
  • 6. Essay about Sociology: Toy Store Analysis Blake Holt Sociology 101 Professor Solari 18 April 2011 Beauty is in the Eye of the Corporation "I'm going to Disney World!" shouts the quarterback of the winning team. This scene is played out every year in front of millions of football fans watching at home with their children. Who is this advertisement focused on? Is Disney Corp. telling grown ups they should vacation there because that's where rich football players go? Absolutely not! This promotion is bypassing the grownups altogether and attacking their true target audience. Disney's marketing demographic is children. Everything about Disney is designed to entertain and capture the attention of kids. Disney is not only creating a market based solely on children it is... Show more content on Helpwriting.net ... Karl Marx and Friedrich Engels stated in Manifesto of the Communist Party that the "bourgeoisie...must nestle everywhere, settle everywhere, establish connections everywhere." While Marx uses the term bourgeoisie modern societies know this group as the capitalists. The individuals and organizations that constantly seek out the consumer no matter who, what, where, or how old they are. It is in this constant pursuit of the next big money maker that Disney found the "Princess". With it they have become everything exciting in a young girls life. With the amazing success and profitability of the princess story Disney has cornered the market on what it is to be beautiful and popular as a young girl in our world today. This profitability wouldn't be so bad if the product was diverse but well over 80 percent of the Disney store in the South Shore Plaza Mall is strictly based on their princess characters. The princess story is not a bad influence until it becomes the only influence. Peggy Orenstein presents this problem perfectly in the New York Times piece What's Wrong With Cinderella? as she sited the work of Lyn Mikel Brown who argues that it is not that Disney is offering girls the princess but rather that it is all they are offering. From this one minded focus can also come some unintended consequences stemming from the homogeneity of the racial makeup of the product. It was immediately evident while observing the merchandise that the ... Get more on HelpWriting.net ...
  • 7. Consumer Confidence : Product Lifecycle Pricing Consumer Confidence in CSR Brands Product lifecycle pricing provides the firm a systematic way of understanding the true price of a product, including externalities, in their product creation process. In traditionally, the company only considers the costs of the end product. For instance, a company creating a product with multiple components sourced from various manufacturers looks at quality and price of the components to manage the costs of the final end product. Product lifecycle pricing encourages a company to consider the full cost of the subcomponents that make up the final product. Full cost includes not only quality, but a quantitative price attached to each step from the impact to the earth when extracting the materials for the product, the energy used to build the product, the living wage and working conditions of the people who manufactured the product, the impact to the environment in the community where the product was manufactured, and the disposal of the product at the end of its product life (Chandler, & Werther, 2014). If a CSR promoting company does not fully evaluate and understand the lifecycle, starting from the very beginning of the product creation steps, they run the risk of exposing their brand, and reducing brand equity, due to negative press in the event that poor CSR practices occurs anywhere along the lifecycle. Additionally, CSR positively affects supplier behaviors in the business–to–business (B2B) marketplace (Pai, Lai, Chiu, & Yang, ... Get more on HelpWriting.net ...
  • 8. Technical Consumer Products, Inc. Essay Technical Consumer Products, Inc (TCP) makes and distributes energy–efficient lighting products. Emily Bahr was TCP's district sales manager in Minnesota, North Dakota, and South Dakota when the company announced the details of a bonus plan. A district sales manager who achieved 100 percent year–over–year sales growth and a 42 percent gross margin would earn 200 percent of his or her base salary as a bonus. Bahr's base salary was $42,500. Her final sales result for the year showed 113 percent year–over–year sales and a 42% growth margin. She anticipated a bonus of $85,945, but TCP could not afford to pay the bonuses as planned, and Bahr received only $34,229. In response to Bahr's claim for breach of contract, TCP argued that the bonus plan was too indefinite to be an offer. Issue: Is TCP correct? Explain. [Bahr v. Technical Consumer Products, Inc, 601 Fed.Appx. 359 (6th Cir. 2015)] Decision: Technical Consumer Products cannot, nor could or should any other company succeed with this argument that the bonus plan was too "indefinite." Legal Reasons: From a legal standing, the company's position is indefensible. Beginning with the position the company began to take, the company was aware of the salary each employee earned and therefore had to consider what a 200% bonus for each employee would look like before making the offer. Based on this fact alone, Bahr has every right to demand the full 200% bonus and take legal actions where the company fails to pay the full amount of ... Get more on HelpWriting.net ...
  • 9. Strategic Action Disney On Consumer Focused Initiative Essay MKT 220 Buyer Behaviour Report Prepared For: Anika Report Prepared By: Vishal Trivedi Student ID: 14044674B Date: 13 May 2015 Table of Contents ContentsPage No Part A 3–7 Part B 8–10 Part C 11–14 Bibliography 15 Part A Question 1: Which strategic action Disney took in terms of consumer focused initiative? Given Example. The Walt Disney Company is a leading international entertainment and media enterprise founded in U.S. It operates five separate Disney segments: Media Networks, Parks and Resorts, The Walt Disney Studios,Disney Consumer Products and Disney Interactive. Disney Media Networks is the most significant Walt Disney business segment. Disney products include television programs, books, magazines,
  • 10. ... Get more on HelpWriting.net ...
  • 11. The Product And Meeting Consumer Needs Our product is a consumer product, the Crossfire 5.0. The Crossfire 5.0 is an athletic shoe with interchangeable soles, suitable for most sports. The shoe is made with mesh for easy breathing and features a high ankle for support. The side presents the logo for easy identification of the shoe. The Crossfire 5.0 allows athletes to use the same shoe for both training and in season work. The sole is easily switched with two push buttons on the side that lock the sole in place. Having this option will keep the number of shoes that athletes have to own to a minimum and allow them to adapt to many different situations. Our Product And Meeting Consumer Needs The All Sport Crossfire 5.0 reaches out to consumers as a multiple use shoe with durability, strength, and lightness. Its high end production will make it be competitive to brands such as Nike or Under Armour. The product will be more attractive and appealing to multi–sport athletes, who often have to purchase several shoes to play their desired sports. By producing the All Sport Crossfire 5.0, we will economically save those athletes some amount of money if not hundreds of dollars. Product Uniqueness The All Sport Crossfire 5.0 offers something unique to its product niche. It is a shoe capable of performing multiple duties across multiple sports. Its high end nature for a market price of $120 makes it economically affordable for many athletes and is a great deal rather than purchasing more shoes. It comes with ... Get more on HelpWriting.net ...
  • 12. Analysis Of Walt Disney Company And Discussing All Of The... During the semester we have completed several S.W.O.T analyses on multiple companies. A SWOT analysis "is an analytical framework that can help your company face its greatest challenges and find its most promising new markets" (Taylor). The discussions in class talked about several topics including the company's background information, strengths weaknesses, opportunities, threats, corporate strategy, business strategy, structures / controls and recommendations. In this paper I will be analyzing The Walt Disney Company and discussing all of the topics listed above. I will list out different point and them confirm and back them up with the research I have found. Background: The Walt Disney Company is widely known around the world. Strengths When looking at a company's strengths you have to look internal to see what they are doing right and what they have control over. Listed below are some strengths of The Walt Disney Company. 1.The Walt Disney Company is socially conscience and is a very charitable organization. They help in any way they can to ensure that families are able to live their lives to the fullest. "Disney is committed to strengthening communities by providing hope, happiness, and comfort to kids and families who need it most" (Philanthropy –Charitable Giving, News, Volunteering). Last year Disney donated over $300 million to non–profit organizations that help kids in need through methods of charitable cash donations and public service announcements. They also ... Get more on HelpWriting.net ...
  • 13. Consumer 's Response And Reaction Of Brand Named Products... Introduction Consumers are considered a very valuable asset to any major company, so observing why they are more likely to purchase one brand of the item over another is important to investigate. Also, it is vital to recognize how to retain their loyalty for years to come. With the help of grounded theory methodology, this research paper will evaluate a consumer's response and reaction to brand–named products versus generic products that have been examined and studied for many years. For many years, researchers have questioned the reason that a consumer grows attached and likes vs. dislikes certain branded products, the answer remains open–ended. Many things can interfere with the consumer's resistance to new products being introduced ... Show more content on Helpwriting.net ... If the marketing of non–branded products were to receive specialized equivalent advertising, the demand for brand named products will decrease. The term "Brand Love" is a connection and emotional attachment to a brand of products because of the pleasures, satisfaction and feelings that it gives the consumers. As discussed in the Marketing Science Institute article, "it might be explained with reference to the psychological literature on interpersonal love. But the deep sense of fit between customers and brands like Apple, Harley, and Starbucks." (MSI 2012). Hypotheses To examine this hypothesis I will have to make sure this hypothesis is ample to research, has been explored with previous data collected, so that the question is opened for observation and will be able to provide answers. In a past research study, Brand image as a function of self–image and self–brand connection describes, "How brand image relates to a self–image and how brand consumption contributes to the construction of self. Most of the research on brand image refers to brand attitudes. Day (1970) considers attitudes "a central integrating feature" in marketing theory and advertising evaluation." (Mocanu 2013) The research question guides the basis of activities of any research study. The research questions on which this study will be centered are discussed below: In your opinion, "How do brand–name items differ from generic products?" ... Get more on HelpWriting.net ...
  • 14. Consumer Behaviour 1.0 SECTION A 1.1 PRODUCT INFORMATION Original Brand Name of Product: Billabong International Product Class: Surf Brand Description: Created by two avid surfers, Billabong is a brand designed by surfers, for surfers. In 1973, Billabong offered little more than a small range of surf wear: mainly surfboards and board shorts. But today, Billabong is a brand that encompasses the Australian surf culture by offering products that cater not only for the surfer inside many of us, but for fashion and lifestyle needs. 1.2 CURRENT TARGET MARKET Billabong is a brand that offers numerous products designed to accommodate numerous lifestyles. Included in their extensive range are products designed for surfers, general beach goers, skateboarders ... Show more content on Helpwriting.net ... It is desirable to develop demographic and psychographic profiles of these likely consumers (the target audience). Accurate details of a target audience can only be obtained by means of credible market research practices. However, inferences and assumptions can be made beforehand to aid any research. Some of the demographic characteristics of the Billabong target audience are, as mentioned previously, males and females between the ages of around 12 – 35 (although advertising is usually specific to one particular gender as seen in the example of Appendix
  • 15. A). Such individuals are predominantly situated in coastal regions where the beach/surf/sun culture thrives (as clearly demonstrated in Appendix A), although there are significant deviations from this trend especially in recent times with such a broad, climate and geographically unbiased product range spanning some 2200 lines in Australia alone (Billabong International 2004). Economic factors can sometimes play a role in defining a target but in this case the audience is not necessarily limited to any specific economic traits; for example, income brackets are not easily defined for consumers as Billabong International offers such a variety of products satisfying both functional lifestyle needs and fashion influenced desires, hence the user's likelihood of purchasing is expected to be more dependant on the psychographic factors of ... Get more on HelpWriting.net ...
  • 16. How Does `Lifestyle' Branding and Marketing Add Value to... Essay Marketing: How does `lifestyle' branding and marketing add value to products and services from the perspective of consumers? In order to see how lifestyle branding and marketing adds value to products and services from the consumers perspective we need to start by explaining that the core of the consumer society is not the product or service offered but the consumer itself. Holbrook & Hirshman 1982 "characterize consumption as a flow of fantasies, feelings & fun, and focuses upon the symbolic, hedonic and aesthatic nature of consumption" thus we can argue that consumption is a psychological process through which people demonstrate social status, happiness and a self–identity. Engel, Blackwell & Miniard 1995 defines ... Show more content on Helpwriting.net ... Each of these reference groups can also convey different types of influence. First there is informational influence – this occurs when an individual turn to another to obtain more accurate information. Second, there is value–expressive influence which is "is characterized by a need for psychological association with a group through the acceptance of its norms, values and behavior." This type of influence can lead to normative compliance where a person privately rejects the views of a group but publicly accepts them out of fear of rejection. Solomon 1994 "suggests that lifestyle is about shared values or tastes, particularly those reflected in consumption patterns. He links people, products and settings to express consumption style, or lifestyle. The lifestyle product comes with a social situation" So, we can argue that individuals conforming to certain influence groups, define one's self through lifestyle. Increasingly firms and society have experienced a shift in focus from special qualities and advantages of the product toward "what the mass of unregenerate mankind wanted – to be young and desirable, to be rich, to keep up with the jonesses, to be envied" (L.Allen, 1931) thus from transaction–based to relationship–based marketing in order to create better value for consumers. Firms are continously "searching for ways to create strong emotional brand ... Get more on HelpWriting.net ...
  • 17. Inside The View Of The Consumer Buys Judgment On Product CHAPTER–II 2.0LITERATURE REVIEW: Inside the view of (RITA KUVYKAITE) (2009) package (catchesbuyer'smind) to precise item for consumption and they control the consumer buys judgment on product. In (2001) below forest, (KLEIN & BURKE) Package inserts only importance to the product. In (2004) (SILAYOI&SPEECE) assumed to package participate significant regulation to distinguish through a combination of related products. In (2007) (WELLS FARLEY & AMERSTRONG) supposed with the purpose of they participate essential function in achieve consumer buying decision. (ALICE LOUW) (2006) say with the purpose of packaging is as well important inside the marketing background. According to him the mainly outstanding packaging disappear the good quality representation of the item for consumption in the consumer brains. In (2003) according to the study of (P.H.K.PRATHIRAJA AND A.ARIYAWARDANA) the Consumer is able to basically pay impressive further for that in sequence which is on the food stuffs. According to article effort of (LIANG LU) (2008) he says with the purpose of packaging as an excellent instrument for the product. Packaging has to be efficient, it should be care for the products in storage space, transferring and as well in used. A dissimilar purpose is to specify the customers the simplicity way in and used on the function of practicality. (ULRICH R. ORTH) (2009) says with the purpose of packaging propose be able to be used for structure the variety uniqueness. all over the ... Get more on HelpWriting.net ...
  • 18. The Consumer Protection Laws : Consumer Product Protection Consumer Protection Consumer protection laws are government and state statutes representing deals and credit works on including consumer products. The objective of consumer protection laws is to place consumers, who are normal residents taking part in business arrangements, for example, purchasing products or getting cash, on an even standard with organizations or natives who consistently take part in business. Generally, consumer exchanges–buys of merchandise or administrations for individual, family, or family utilize–were assumed reasonable in light of the fact that it was accepted that purchasers and merchants bartered from equivalent positions. Beginning in the 1960s, governing bodies started to react to dissensions by consumer advocates that consumers were naturally distraught, especially when haggling with substantial enterprises and ventures. A few sorts of organizations and statutes, both state and government, now work to ensure consumers. Consumer Product Safety Commission In 1972, Congress set up the Consumer Product Safety Commission (CPSC). It is the occupation of the CPSC to shield consumers from flawed or hazardous items by instituting compulsory wellbeing principles for those items. The CPSC has the specialist to restriction items from the commercial center or to review items (when an item is reviewed, it is expelled from the racks or deals parcels, and consumers might have the capacity to return it to the maker or place of procurement for repair, ... Get more on HelpWriting.net ...
  • 19. What are the Volvelles? Essay "Astronomicum Caesareum" – Volvelles (DONE) Created in the Medieval period, the volvelles consisted of paper disks, anchored in the centre, where one paper holds still, while the other rotates beneath it.The Volvelles originated in the 12th Century,evolving during different periods and where influenced according the era in which they where created. "The "Emperor's Astronomy" Astronomicum Caesareum from the private press of Petrus Apianus is one of the great masterpieces of sixteenth–century printing." (Gingerich, n.d.). This is an example from the Reneissance period. A a cultural movement that spanned the period roughly from the 14th to the 17th century. Though availability of paper and the invention of metal movable type sped the... Show more content on Helpwriting.net ... Beginning with paper dolls (The History of Little Fanny, S.J. Fuller–1810), the use of movable paper proliferated as elements in books, especially in England and Germany.The Victorian era, the era in which pop–up books originated was a long period of peace, prosperity, refined sensibilities and national self–confidence for Britain. Ernest Nister a 19th century publisher who specialized in movable books, was capable of producing works by all of the major processes of the time. However, despite his wide range of publishing endeavors, he is best known for his movable books that were published from 1890. Nister's works were similar to those produced by his contemporaries, but Nister's illustrations stood up automatically. The books had figures that were die–cut and mounted within a three–dimensional peepshow framework. The figures were connected by paper guides so that as the pages were turned, the figures lifted away from the page within the perspective–like setting. As I said while analyzing "Volvelles", the pop–up books are the result of more depth engeneering of the volvelles. As a technqiue both are made out of paper cut–outs. The only difference is that the volvelles are two dimensional, while pop–up are thre dimensional. Nowadays ... Get more on HelpWriting.net ...
  • 20. U.s. Consumer Product Safety Commission The U.S. Consumer Product Safety Commission, have to protect the consumer from dangerous risk of injury of death that is associated with many kind of consumers products under the agency's jurisdiction ( wwwprnewswire.com/news 2015). There have been many deaths and it has caused the world trillions of dollars annually, there has also been chemical and mechanized hazards, Products has worked hard to make sure all products are safe (Seaquist, 2012). Products recalled include Toys, Cribs, tools, Cigarettes lighter and household chemicals, the product safety have to make sure that there is a decline in death and injuries that has been associated with bad products (http://www.cpsc.gov/index.html). The federal law has made sure that people do not sell products that are subject to voluntary recall by manufactures or mandatory recall, which is ordered by the commission. In the final analysis everything is based on making sure the consumer is protected, it is all based on safety (http://www.cpsc.gov/index.html). The Product safety Act were established 1972 in congress the safety acts guarantees safety for consumer's products. The CPSC is another independent administration that makes sure rules and regulations are followed with the safety of all products, they enforce very strict guidelines for consumer safety. The were established to make sure that there are no unreasonable injuries or death, to make sure the manufactures tread the straight and narrow. The product safety act forces ... Get more on HelpWriting.net ...
  • 21. Using Metal And Plastic Products For Consumers 3–D printing came about in the 1980s (Atala & Murphy, 2014). This printing method made it possible to print materials in layers to eventually form a solid 3–D structure. The possibilities of this printing were considered for manufacturing products for consumers (Atala & Murphy, 2014). The original 3–D printers were capable of making objects, but these objects weren't durable enough to last long (Harris, n.d.). The original printers were mainly used to create models. The process used to create these models was a "laser to solidify a polymer material extruded from a nozzle" (Harris, n.d.). It wasn't until the 1990s that the different materials of metal and plastic were used together in conjunction with the computer following an engineer's layout of the product. The new technical layout scheme and materials made it possible to produce a sturdier product that would last (Harris, n.d.). These new developments led to medical researchers considering the possibilities of producing human tissues and organs. The researchers realized that a human organ is a 3–D object with width, height, and depth that could be manufactured the same way car parts could (Harris, n.d.). There were multiple limitations to make a 3–D printer capable of producing human tissue or organs. A few restrictions were to find another material besides plastic that would last inside of a human and to make a machine that was capable of printing living human tissue without destroying the cells in the process. ... Get more on HelpWriting.net ...
  • 22. E-business: Easy Learning Outcome Chap14: E–Business Multiple Choice 1. What is the buying and selling of goods and services over the Internet? A. E–business B. E–commerce C. E–market D. E–mall Ans: B Level: Easy Learning Outcome: 14.1 Response: This is the definition of e–commerce. 2. What is the conducting of business on the Internet, not only buying and selling, but also serving customers and collaborating with business partners? A. E–business B. E–commerce C. E–market D. E–mall Ans: A Level: Easy Learning Outcome: 14.1 Response: This is the definition of e–business. 3. Which of the following represents any business that sells its products or services to consumers over the Internet? A. B2B B. B2C
  • 23. C. C2B D. C2C Ans: B ... Show more content on Helpwriting.net ... A. Electronic auction B. Forward auction C. Reverse auction D. All of the above Ans: B Level: Easy Learning Outcome: 14.4 Response: This is the definition of forward auction. 16. What type of online auction occurs when buyers use it to purchase a product or service, selecting the seller with the lowest bid? A. Electronic auction B. Forward auction C. Reverse auction D. All of the above Ans: C Level: Easy Learning Outcome: 14.4 Response: This is the definition of reverse auction. 17. What is a community of interest? A. People interact with each other on specific topics, such as golfing and stamp collecting B. People come together to share certain life experiences, such as cancer patients, senior citizens, and car enthusiasts C. People participate in imaginary environments, such as fantasy football teams and playing one–on–one with Michael Jordan D. None of the above Ans: A Level: Easy Learning Outcome: 14.4 Response: This is the definition of a community of interest. 18. What is a community of relations? A. People interact with each other on specific topics, such as golfing and stamp collecting B. People come together to share certain life experiences, such as cancer patients, senior citizens, and car enthusiasts C. People participate in imaginary environments, such as fantasy football teams and playing one–on–one with Michael Jordan
  • 24. D. ... Get more on HelpWriting.net ...
  • 25. Disadvantages Of E-Business E–business is the short form of electronic business. E–business is the conducts of business which using internet to process. Electronic business, or e–business, is the use of the Internet to conduct business. This is a lucrative and highly profitable domain (Natasha Gilani, 2017). The process of e–business is include the buying and selling goods, supplies and services, process payments such as Maybank to you, servicing customers, control and managing the products, sharing information between one and other, recruiting, collaborating with your business partner, and running automated employee service. The industry's e–business adoption lags behind similar industries such as tours and travel (Article, 2013). One of the major types of e–business ... Show more content on Helpwriting.net ... It is a transaction which business sell their goods or service to the consumer. For example, consumer could do online reservation for the air ticket themselves by using the airline reservation system. For more instance, consumer could book their room through the hotel page nowadays. Next of the major types of e–business for hospitality industry is the Business–to–Business (B2B). Business–to–Business is the online business which selling the goods to the other business. This type of e–business is for the aim of conducting commerce or business between one companies with another company as they exchange the electronic documents in purchasing the goods and service. Companies which using B2B E–commerce could improve the relationship and communications among the other companies. Companies which using Business–to–business are incline to be high volume and not focus on small transaction result. Example for Business–to–Business in hospitality industry is the corporate customers, government, company trips, Event Company, or wedding planner plan to have a stay in the hotel or book the event room or banquet with huge number of member. Another example is a company reserve an airplane seat with a large number which go for a company trip. ... Get more on HelpWriting.net ...
  • 26. The Fairytale Of Cinderella By James Poniewozik Each and every child grows up viewing Disney movies, wearing princess gowns, and buzz lightyear suits. The parents of these children are the individuals purchasing these Disney costumes, toys, candy, and other related items for their children. Our society today accepts Disney and their culture of entertainment as a part of a child's childhood experience without second thought. Elements of the fairytale of Cinderella has adapted over time to please the culture in which it is told; yet in today's culture, adaptation to these elements is taken to where it has never been. In "The Princess Paradox," James Poniewozik says, "You can have the girly dream of glass slippers and true love, these films say, as well as the womanly ideal of self–determination and independence and any contradictions between them are no match for the movies' magic" (Poniewozik 324). Peggy Orenstein compliments Poniewozik's article because she states, "The first Princess items, released with no marketing plan, no focus groups, no advertising, sold as if blessed by a fairy godmother" (Orenstein 327). Poniewozik is trying to argue that films have altered the story of Cinderella in the 21st century cinema realm due to the addition of the concept of feminism, women 's separation from men, and the traditional magic implemented within them. Orenstein marries these articles together indirectly by pointing out that Disney legitimately had no marketing plan, yet they continue to rake in money. The reason Disney ... Get more on HelpWriting.net ...
  • 27. Consumer Shopping Behaviors And Brand / Product Preference Review of Literature Consumer Shopping Behaviors and Brand/Product Preference Consumer shopping preference and behavior have a huge effect on the marketing share and benefit. Studying their shopping orientation is helpful in understanding and targeting the costumer; it could be analyzed based on their reaction on certain brands or products. In the demographic information in all class levels of college students 77.8% are female, 22.2% are male. In addition, 63% said their parents paid for them. (Bahng, Kincade, & Yang, 2013). Buying a product of a certain brand is more than just buying a product; that product is a symbol of that brand assigning a different meaning of the product. A brand develops over time. When you buy a product the value of the brand is more than the product. It communicates with people non–verbally. People will receive that message clearly and understand your social status just based on the brand you choose to purchase. In total 320 respondents are participated with the age group of 15–40, which included 162 males and 158 females (Rajput, Kesharwani, &Khanna, 2012). With greater affluence, the children have more opinion about their appearance when it comes to shopping. They are making their own decisions by asking their parents to buy certain brands or specific products based on their self conception. A little over half of the participants are age from 30–34, about 46% were housewives, and more than 43% of the interviewees household income level was ... Get more on HelpWriting.net ...
  • 28. An Inconvenient Truth Arises When Consumer Products Fail Trevir Nath An inconvenient truth arises when consumer products fail to operate as they were intended to. When purchasing a large item such as an automobile, consumers anticipate their investments to function properly and safely. However as witnessed over the years, producers and manufacturers are hit with product recalls frequently. Aproduct recall is the process of retrieving and replacing defective goods for consumers. When a company recalls a product, the company or manufacturer absorb the cost of replacing and fixing defective products for consumers. For large companies, the costs of repairing faulty merchandise can accumulate to multi–billion dollar losses. Notably car manufacturers Toyota (TM), General Motors (GM), and Honda (HMC) ... Show more content on Helpwriting.net ... In the event an unsafe or defective product has been released to the public, a product recall is issued by the supplier. The government agencies associated with product recalls consists of the Consumer Product Safety Commission (CPSC), Food and Drug Administration (FDA), and National Highway Traffic Safety Administration (NHTSA) to name a few. Over the past 20 years, notable recalls have occurred in the automobile, drug, and consumer electronics industries. In the early 2000's Ford and Firestone Tires issued a recall of 6.5 million Firestone Tires on Ford vehicles. The defective tires resulted accounted for 1,400 complaints, 240 injures, and 90 deaths in the United States. Likewise, Toyota witnessed a massive recall from 2009 to present resulting in a recall of over 10 million vehicles. A result of numerous issues including stuck gas pedals and faulty airbags. The drug industry has also been at the forefront of devastating recalls. In the early 2000s, the drug manufacturer, Merck (MRK) recalled arthritic medicine, Vioxx, which increased the risk of heart attacks. The financial consequences cost Merck $4.85 billion in settled claims and lawsuits. Recently Keurig, coffee machine manufacturer, recalled 7.2 million single service brewing machines due to claims of overheating. Regardless of the industry which the recall occurred, it is evident that each company has withstood financial and reputation costs. Financial Implications As ... Get more on HelpWriting.net ...
  • 29. Giant Consumer Products Case Summary Giant Consumer Products, a company in the packed food industry, experienced an above industry average growth in previous quarters but suddenly the company has encountered a decline in sales in its frozen food division as customers purchase less frozen food and more from another type of food. Both sales volume and marketing margin were 4% under than expected and prices were not reduced to fitful demands. Concerns about the company's financial status began to rise leaving FFD with a difficult decision to whether a national sales promotion for one of its brands, Dinardo's or Natural Meals, should be launched with the goal to fitful demands and ultimately increase sales volume. This decision would be made after collecting various information about ... Get more on HelpWriting.net ...
  • 30. Business Forecasting : Consumer Behavior For Green Products Econometrics and Business Forecasting – Consumer Behavior for Green Products University's Name Submitted by Names: Tutor: Date: Introduction Consumers in the 21st century have become more aware and well informed about the products they purchase in the market. There is unlimited access of this information to the public with platforms such as the social media and the internet playing a crucial role in increasing access to information. Further, most of the products in the market today can be customized. However, the demand for eco–friendly and green products has significantly increased in the market. Green products are defined as products that are eco–friendly and safe to use (Mazar and Zhong, 2010). Customers also want products ... Show more content on Helpwriting.net ... 286). Green marketing has become an important element and stage for producers and therefore most of the companies are working towards including it in their strategic planning. Further, the ability to produce green products enables a company to enjoy competitive advantage over other competitors in the market. As a result, the company is able to position itself in the market in a way that will maximize performance and sales. Considering how important and essential green products are to the economy, it is a pity that most of the producers have given it little attention. Manufacturers do not realize the importance and role of these products in the market. Further, the supply of these products in the market has also influenced the consumer product choices because they feel the products meet and satisfy their needs and want exhaustively. Studies have also been performed with the aim of evaluating the relative importance of green products to the consumers (Chan, 2001). These studies are crucial because they provide insights on how the consumers determine green products. According to Wassells et al. (1999), while consumers are in search for products that are eco–friendly, it is quite difficult to assess the environmental attributed of product. Consumers also do not have a proper scrutiny of identifying the specific characteristics of a product. As such, it becomes even more difficult to identify and locate the green products. ... Get more on HelpWriting.net ...
  • 31. Why Consumers Buy Products Over Other Similar Products Essay A trip to the local grocery store seems like a mindless everyday activity of providing nourishment and basic needs for your family. However, many consumers fail to realize how much consideration, time, and money is allocated by businesses attempting to understand why consumers buy products over other similar products. In Klein's "No Logo" article she provides the history of branding and how companies have evolved their techniques to attract consumers. In Satel and Lilienfeld's article "The Buyologist is in" they provide information regarding scientific methods researchers use, mostly focusing on neuromarketing, to penetrate the subconscious mind and market directly to consumer's brains, bypassing their conscious minds. The efforts of branding and neuromarketing have significant impact on how consumers purchase the items presented to them. In the article from Huang & Zhou, "Negative effects of brand familiarity and brand relevance on effectiveness of viral advertisements" they open the discussion on advancements in technology and social media used by consumers that leaves companies attempting to understand the most effective way to reach their audience. Considering that there are significant amounts of money invested in neuromarketing, branding products, and developing the company's lifestyle brand to attract loyal customer's companies should ensure their methods are effective. Strategic branding isn't focused on the product, but it creates a feeling within the ... Get more on HelpWriting.net ...
  • 32. Consumer Electronic Products, Telecom Industry And... I.Consumer electronic products, telecom industry and globalization – The focus of this paper is to review the sourcing strategy of Apple, a technology company providing consumer electronic product, and examine if it is a good fit for telecom industry to adopt the same strategy. Consumer electronic by definition is any device that contains an electronic circuit board and is intended for everyday use by an individual to enhance the quality of life. These devices can be found in communication, office and entertainment products. Some examples of consumer products are television, personal computer, cell phone, refrigerator, washer and dryer. Traditionally, consumer electronic refers mainly to products that installed or used specifically at ... Show more content on Helpwriting.net ... The advancement of technology has made distinguishing some consumer electronic products from telecom equipment difficult. For example, cell phone and laptop are both categorized as consumer electronic product by the definition of consumer electronic product. However, since cell phone is a tool for communication, it also can be categorized as telecom product as per the definition of telecom equipment. Similarly, laptop can be used to communicate via VoIP as well as exchange information over a distance. By definition, laptop also fits well as a telecom product. Conversely, telecom equipment such as modem and router can also qualify as consumer electronic products as they are both everyday use devices to many individuals to enhance quality of life. For the purpose of this paper, we will categorize cell phone and laptop as consumer electronic devices and keep router and modem in the telecom equipment section. As the internet and hand held device technologies continue to advance, the area of interconnect between the telecom and consumer electronics industries have together reshape the consumer behavior. People no longer have to rely solely on telephone or telefax to communication or exchange information in distance. The texting feature on the cell phone, for example, ... Get more on HelpWriting.net ...
  • 33. Deer Consumer Products Case Summary Deer Consumer Products, Inc. 1)All–Powerful CEO п‚џAll–powerful CEO and CEO duality. Ying He is the CEO and also the Chairman of the Board of Directors. 2)Focus on Short Term Performance Goals п‚џInflated sales, profit margins, and account receivables, while failed to disclose direct competition from entities related to its chairman. 3)CEO is Uncomfortable with Criticism п‚џOn May 2, 2011, Deer issued its own press release and asserted that "its common stock has been manipulated in collusion among naked short sellers." It asserted that the class action lawsuit was part of the attempted manipulation. Deer further asserted that the supposed analyst, Alfred Little, is a phony identity used by one or more illegal short sellers in the short seller sale scheme." 4)Weak or ... Show more content on Helpwriting.net ... Also, Deer had impossible high of its return on investment. Then Alfred Little hired an independent third party research group in China, who found that Deer products were not available at these stores. 5)Questionable Business Strategies with Opaque Disclosures п‚џDoubtful revenue recognition policy. The two requirements of revenue recognition are it can be earned, and also be realized. Therefore, Deer shouldn't recognize revenue as soon as the shipment to stores, it should recognize the revenue until its products were sold. п‚џDisconnection between net income and operating cash flow. п‚џInflated sales, profit margins, and account receivables, while failed to disclose direct competition from entities related to its chairman. п‚џBought a land use worth $22.2 million for construction usage, and inflated to $23.2 million under intangible assets. However, the land's real cost was $11.3 million. Deer exaggerated the cost of this land purchase by almost 100%. 6)Others Old Directors п‚џArnold Staloff, the director of Deer, was 66 years old. Ineffective Risk Management ... Get more on HelpWriting.net ...
  • 34. Literature Review Literature Review Study of representation of women in Walt Disney Cartoon Characters. Title: Study of representation of women in Walt Disney Cartoon Characters. Introduction: As long as there have been civilizations, there have been stories, myths that are told to children. These stories are usually the basis of the cartoons characters except some which are from creator's imagination. This story telling is a means of not only comforting and amusing a child, but of teaching the child the societal norms of their nation. These are memorized by children and remembered forever. Children idolize their favourite character, the character they have most in common with and are best able to identify with, and try to emulate that character's ... Show more content on Helpwriting.net ... 9) Why Disney has changed certain things from the original fairytales? 10) Is there any change in the characterization of the cartoons ? 11) What about the Villains in Disney– Why all evil women have special powers in their aid whereas males simply use violence? Is Disney sexist? 12) Also why are most of the princes do absolutely nothing but to chase the princess? It will also help me predict a little about Disney's characterization of upcoming cartoons characters. Background: The history of Walt Disney, and the Disney Corporation, is one shrouded in admiration and accolades for the accomplishment of the American dream. Walt Disney himself is an icon for the American work ethic, i.e., hard work pays off. He is seen as a Horatio Alger, "rags to riches," success story. Beginning his work in animation in the 1920s, Walt Disney gained fame worldwide for his films and theme parks. But Walt Disney created more than films and theme parks. By infusing them with an ideological stance glorifying "the American way of life," his brand of democracy and conservatism, he created a cultural institution. The moralistic stance of his enterprise became common knowledge and it is said that his 1933 version of Three Little Pigs was the last of his cartoons in which the film's moral messages were open to interpretation [3] By 1941 it was estimated that one in three ... Get more on HelpWriting.net ...
  • 35. Impacts of Consumer Choice on Related Product Branding on... IMPACTS OF RELATED PRODUCT BRANDING ON CONSUMER CHOICE OF COMMODITIES. A CASE STUDY OF COCA COLA DRINKS KIAMUNYI ESTATE(NAKURU). A RESEARCH PROPOSAL SUBMITTED IN PARTIAL FULFILLMENT FOR THE REQUIREMENT FOR THE AWARD OF BACHELOR OF COMMERCE DEGREE, TO THE FACULTY OF ECONOMICS AND BUSINESS STUDIES. COMPILED BY; 1) EMMA KABINDIO CM/N/035/09 KABARAK UNIVERSITY MARCH, 2011 DECLARATION I hereby declare that this research proposal is my original work and has not been presented in this or any other university for the award of a degree or otherwise. EMMA KABINDIO CM/N/035/1/09 SIGN..................... TABLE OF CONTENTS ... Show more content on Helpwriting.net ... More than 500,000 brands are registered globally with pertinent regulatory bodies in different countries. Brands serve their owners by allowing them to cultivate customer recognition of, and loyalty toward, their offerings. Brands also serve the consumer by supplying information about the quality, origin, and value of goods and services. Without brands to guide buying decisions, the free market would become a confusing, faceless crowd of consumables. An established and respected brand can be the most valuable asset a company possesses. As manufacturers gained access to national markets, numerous brand names were born that would achieve legendary global status such as Coca–Cola which is an example of initial a brand that would become common household name by the mid–1900s.Brand extension for Coca Cola products enjoyed a great deal of popularity during the late 1990s. As product development and advertising costs increased, many companies sought to leverage the equity in their existing brands rather than attempting to launch new brands. But businesses must be careful not to go too far with line extensions, at the risk of damaging their brand name or diluting its
  • 36. ... Get more on HelpWriting.net ...
  • 37. Inderstanding Consumer Behaviour Towards Luxury Products A Report On Understanding Consumer Behaviour towards Luxury Products By Jitesh Sanghvi MMS – 137, Marketing Year 2009–10 K J Somaiya Institute of Management Studies & Research Understanding Consumer Behaviour towards Luxury Products Understanding Consumer Behaviour Towards Luxury Products By Jitesh A Sanghvi Under the guidance of Mar. Nilesh Talreja Senior Executive Interface Communication ______________ Designation SIMSR, Mumbai K J Somaiya Institute of Management Studies & Research May–June, 09 Jitesh Sanghvi – MMS –137, Marketing
  • 38. Page 1 Understanding Consumer Behaviour towards Luxury Products Certificate Jitesh Sanghvi – MMS –137, Marketing Page 2 Understanding Consumer ... Show more content on Helpwriting.net ... Method: Primary research was done in two steps. пѓ Qualitative Research – Depth Interview Method пѓ Quantitative Research – Survey Method 1) Qualitative Research: For qualitative research, few high income people were asked open ended questions which were formulated based on the secondary research and in line with the hypothesis. Depth interview of 10 people were taken which gave an insight into their purchase behavior and their decision making process for a luxury good. Based on this interviews and a further review of the secondary research reports, a final survey questionnaire was prepared. 2) Quantitative Research: For quantitative research, after making the initial questionnaire it was pretested with 5 participants and was improvised. The final sample was 30 with target group being A and A+ socio–economic class people. In June 2009, the survey was conducted to observe the behavior pattern of consumers in buying luxury products. This allowed us to find out about the behaviour of the consumer towards luxury products across various income groups. Also we asked them about what all factors Jitesh Sanghvi – MMS –137, Marketing Page 5 Understanding Consumer Behaviour towards Luxury Products influence them to buy such products and which brand of products do they feel are luxurious. We also understood the price range that they feel makes the ... Get more on HelpWriting.net ...
  • 39. Consumer Research in the Early Stages of New Product... Consumer research in the early stages of new product development Issues and applications in the food domain Ellen van Kleef Promotor: Co–promotor: prof. dr. ir. J.C.M. van Trijp Hoogleraar in de marktkunde en het consumentengedrag Wageningen Universiteit dr. ir. P.A. Luning Universitair docent Leerstoelgroep Productontwerpen en Kwaliteitskunde Wageningen Universiteit Promotiecommissie: prof. dr. ir. M.A.J.S. van Boekel, Wageningen Universiteit, Nederland prof. dr. K.G. Grunert, The Aarhus School of Business, Denmark prof. dr. C.M.J. van Woerkum, Wageningen Universiteit, Nederland prof. dr. J.P.L. Schoormans, Technische Universiteit Delft, Nederland Dit onderzoek is uitgevoerd binnen de onderzoekschool VLAG (Voeding,... Show more content on Helpwriting.net ... Chapter 4 illustrates the problem of successful functional food innovation. This chapter provides insight in a number of strategic decisions that have to be taken in the early stages of the development process in relation to health claim formulation, segment determination and product selection. Chapter 5 provides a comprehensive conceptual and empirical comparison of internal and external preference analysis. In addition to a comparison on statistical criteria, this study explicitly takes the end–user perspective into account by comparing both techniques on various end–user criteria. The final empirical chapter in this thesis (chapter 6) studies the added value of the innovation templates approach in generating and screening new product ideas. Chapter 7 summarizes the results of the previous chapters and describes the limitations of this thesis. Overall, the results of this thesis contribute to the better recognition of the importance of consumer research in early stages of new product development and suggest methodologies that could support effective marketing–R&D interfacing early in the process. Voorwoord De vroege fase in de ontwikkeling van nieuwe producten is van cruciaal belang voor het uiteindelijke succes van een product. Dit is echter geen makkelijke fase, omdat vele mogelijkheden nog open liggen en keuzes gemaakt moeten worden. Hetzelfde geldt voor het schrijven van een proefschrift. Het valt niet altijd mee om de juiste onderzoeksvragen te ... Get more on HelpWriting.net ...
  • 40. Products and Services for Consumers Chapter 10 – Products and Services for Consumers Discussion Questions 1.Define the following terms and show their significance to international marketing: Product diffusionInnovation Product Component ModelGreen marketing QualityHomologation Global brands1.Debate the issue of global versus adapted products for the international market. A recurring debate exists relative to product planning and focuses on the question of standardized products marketed worldwide versus differentiated products adapted or even redesigned for each culturally unique market. Those with a strong production and unit cost orientation advocate standardization and others, perhaps more culturally sensitive, propose the policy of a different... Show more content on Helpwriting.net ... Countries are also stereotyped on the basis of whether they are industrialized, in the process of industrializing or less–developed. These stereotypes are less country–product specific; they are more a perception of the quality of goods in general produced within the country. Industrialized countries have the highest quality image, and there is generally a bias against products from developing countries. Within groups of countries grouped by economic development there are variations of image. For example, one study of COE between Mexico and Taiwan found that a microwave oven manufactured in Mexico was perceived as significantly more risky than an oven made in Taiwan. However, for jeans there was no difference in perception between the two countries. One might generalize that the more technical the product, the less positive is the perception of one manufactured in a less–developed or newly industrializing country. There is also the tendency to favor foreign made products over domestic made in less developed countries. Not all foreign products fare equally well since consumers in developing countries have stereotypes about the quality of foreign made products even from industrialized countries. A survey of consumers in the Czech Republic found that 72 percent of Japanese products were considered to be of the highest quality, German goods followed with 51%, Swiss goods with 48%, Czech goods with 32% and, last, the United States with 29%. One final ... Get more on HelpWriting.net ...
  • 41. Consumer Choice or Influential Factors in Purchasing Products People purchase products and services for a variety of reasons, whether it is for their own personal wants and needs, for family and friends, or for prestige. These consumers vary in age, income, education, and lifestyles. This report briefly discusses the influences involved in consumer purchases and identifies the consumer process used in order to purchase a product or service. Consumer decision making is "the process of making purchase decisions based on cognitive and emotional influences such as impulse, family, friends, advertisers, role models, moods, and situations that influence a purchase." (Schiffman & Kanuk, 2007, p. G–3) External Influences External influences provide information about a product or service and can ... Show more content on Helpwriting.net ... Need Recognition Recognition of need usually occurs when a consumer is faced with a 'problem' or awareness of a need. In reviewing this week's assignment, I considered my recent purchase of a 2011 Chevy HHR. Although the automobile purchase was a major decision in itself, I had to face the dilemma of purchasing (or not) an extended warranty package offered by the dealership. (Schiffman & Kanuk, 2007, p. 532) According to an Internet article by Chen, Kalra, & Sun (2009): Warranties have since become ubiquitous at the checkout aisle, and extended service contracts have become a core product for retailers, generating about US$15 billion in revenue annually. According to Business Week, in 2003 warranties accounted for more than half of Best Buy's profit and almost 100 percent of Circuit City's. The dealership offered a Mechanical Protection Plan (MMP), Guaranteed Automobile Protection Plan (GAP), On–Gard Theft Protection, and Premier Vehicle Coverage for new, pre –owned and certified vehicles, with a total service contract of $2,990.00 above the purchase price. There appears to be two different need or problem recognition styles for consumers, which includes the actual state types, wherein the consumer perceives they have a problem when a product fails to perform satisfactorily, and the desired state types, "for whom the desire for something new may trigger the decision process." As I was purchasing a new vehicle and very concerned ... Get more on HelpWriting.net ...
  • 42. The Consumers Want For Products Introduction The consumers want for products is continuing to develop to vast measures. The amount of different ingredients or packaged foods available at local grocery stores has flourished, for example, The real Canadian superstore or Walmart's product line. Both stores have dedicated one entire isle just for chips, ranging from brand names to no names. The shelves are lined with brand name products and store (generic) name products. The choices seem like that they are expanding with our beliefs to wanting more things for whatever reason. Brand name products have been said to be the known foundational products, the original frontiers, for example Old Dutch or Lays. Over time, generic store brands have come to represent better ... Show more content on Helpwriting.net ... Numerous studies have evaluating the effects of brand name to generic name, mostly studies pertaining to the drug companies. However, studies using the placebo effect have been trialled and tested over the years attempting to give unbiased results. It has been an effective way to study and report. It has become a standard in clinical drug trials to distinguish effects. The placebo effect study has been a great tool contributing to results with the least confounding factors. In the study, the Mind–set Matters: Exercise and the Placebo Effect by Alia J. Crum and Ellen J. Langer, they tested whether the relationship between exercise and health is moderated by one's mindset. The study's results supported the hypothesis that exercise affects health in part or in whole via the placebo effect. Another good example of a placebo effected study, was the one done by Kirsch and Sapirstein in 1998, the meta–analysis of 2,318 clinical drug trials for anti–depressant medication. Patients' respondents were quartered (25%) were due to actual drug effects, another quarter (25%) were due to natural history of depression, and half (50%) were due to placebo effect. Some other placebo effects are beyond medications or therapy, for instance, the study done by Blakes lee, 1998, were exposing subjects to fake poison ivy ended with participants developing real rashes. What a great example of how the mind can be manipulated. It was enough for a visible ... Get more on HelpWriting.net ...
  • 43. Brand Experience Created By The Feelings And Reactions... According to (Brakus, et al,2009.) Brand experience created by the feelings and reactions associated with the brand. These feelings are brought about by brand design, communication, environment and brand identity. Brand experience is majorly centered on branding than other product concepts like brand personality, attitudes, values, equity, and association. The most important thing for a consumer today is whether thebrand can add value to their lives through positive experiences. Morrison and Crane (2009) argue that there is an emerging trend in consumer behavior and marketing with consumers purchasing products and services based on the experiences of what is being sold. Many researchers have concluded that customers look for services that will leave a positive experience in their lives. This has led to an increased interest to markets who want to give their clients a memorable experience. Brand experience leads to consumer trust, loyalty, and satisfaction. DIMENSIONS OF BRAND EXPERIENCE Brakus, et al., (2009), states that there are four aspects of the brand experience. The four dimensions are affective, behavioral, sensory and intellectual dimensions. AFFECTIVE DIMENSION Zarantonello and Schmitt (2010), concludes that the affective dimension consists of the feeling created by products and services and the emotional attachment of the consumers to these brands. They further suggest that when consumers have a greater affective brand experience they tend to think that the brand ... Get more on HelpWriting.net ...
  • 44. How Consumers And How Large Supermarket Chains Match Their... Consumers generally benefits from increased competition in retailing industries as well as large supermarket chains. It is worth thinking that what benefits shoppers gain and why it is happening. Due to fierce competition among retailing, such as Wal–Marts, Tesco, Carrefour, etc., they innovate internal management and operational modal by grasping the variation of demand. In previous research, Sorescu et.al (2011) mention that innovation challenges confronted by supermarkets is customer–centric. In the sense, they improve retailing processes and design products to better satisfy people's needs. Meanwhile, Seth et.al (2005:123) show that modern markets gain profits by offering free car parking and one–stop shopping. Economically, ... Show more content on Helpwriting.net ... Based on consumer purchasing behaviour, Chernev (2006) in Boyd et al. (2009) demonstrates that their decisions are relative to goods categories which have been interpreted as a hierarchical process. This process is step by step that they choose one type and then select an option from this chosen type. Furthermore, Oppewal et al. (1999) explain that purchasing decisions made by consumers regard to a commodity category depends on attractiveness of a category. With respect to shoppers' preference for product assortment, past research, which has been mentioned, show that consumers prefer large varieties because of the better choice benefits available from those. OK In 1970, Grocer estimated a mean of products category is 7000 in each large supermarket (Hansen et al., 1978). Therefore, consumer can find goods options accord to their preference since large kinds of goods offered by modern markets. Additionally, the varieties of commodities give them flexible choice if they change their preference. Take 'biscuit' category in Wal –Marts as an example, they offer multiple brands in biscuit with various taste, size and packages, so consumers can select from those large categories based on their demands. Moreover, Borle et al. (2005) say that marketing position of many shopping centres are one–stop shopping. Namely, shoppers can find exactly what they want without visiting multiple stores because of ... Get more on HelpWriting.net ...
  • 45. What Is The US Consumer Product Safety Commission? The U.S. Consumer Product Safety Commission have a job to do and it is based on protecting the consumer from dangerous risk of injury of death, that is associated with many kind of consumers products under the agency jurisdiction( wwwprnewswire.com/news2015). There has been many deaths and it has caused the world a trillions of dollars, annually, chemical and mechanized hazards has been many, the consumer has worked to make sure that safety it a number one factor (www.prnewswire.com/news–2015). Products included, Toys, Cribs, tools, Cigarettes lighter and household chemicals, they have made sure that there has been a great decline in death and injuries that has been associated With products (http://www.cpsc.gov/index.html). The... Show more content on Helpwriting.net ... The Product safety Act will seek injunctions, to stop products that are hazardous to consumers, they will sometimes seek civil penalties, they make sure those products such as motor vehicles, boats, aircraft, and firearms, are regulated by other government agencies as well. Safety The Product safety Act will request the manufactured cease and decease tight away from making them. The court will issue large fines if the manufacture will not stop making the faulty products(www.cpsc.gov).The U.s Consumer product safety commission is in charge of protecting the public, because there has been thousands of lives loss because unsafely of products (www.cpsc.gov). Not only death and injury has been caused, it has also been property damage from consumer's products. The CPSC has prided themselves on protecting consumers and families from safety issues(http://www.cpsc.gov /index.html). Many recalled are voluntary, but some are involuntary, but if any products are suspected to be dangerous of. The consumer commission protects thousand of consumer (Food, Drug and Consumer Product Act of 1972) Name of Product: Quadski and Quadski XL, the product were recalled on 2/3/2015 Due to Injury Risk. A Quadski which is a one–seater and Quadski XL which is a two–seater. The products had very high speed amphibious vehicles that are an ATV on land, and also operate on ... Get more on HelpWriting.net ...