Got a tricky question? Receive an answer from students like you! Try us!

The Perfect eProduct - Essay Example

Only on StudentShare
Author : flossie64

Summary

Name Date Course Section/# It is without question that mobile devices and cellular phones have ultimately reshape the world in which we live. It is difficult to imagine a society in which photography, music, and mobile communications could take place without the use of DSLR cameras, iPods, iPads, and cellular phones that package many of these products into one…

Extract of sample
The Perfect eProduct

However, it is without question that with this drastic increase in available technology, the price of these devices have risen precipitously. Along with this price increase, so too as the consumption habits that the consumers display. Rather than changing a mobile device several times throughout the year, individuals are now encouraged, by simple force of economics, to retain their device longer, protect it, and seek to repair it in the off chance that it is somehow damaged. It is further estimated by experts that the industry responsible for the repair of mobile devices engenders an economy that is worth tens of millions of dollars annually. Whereas the repair of current mobile devices takes many shapes and forms, the most common repair that is engaged is repair of chipped, broken, or cracked glass screens. Whereas formerly mobile devices were put together with plastic LCD panels, the trend towards touch-screen devices has meant that more and more of these devices are now made with glass. ...
Download paper

Related Essays

Marketing Plan
95% of ingredients are ordered on the basis of sources to make a product. This means that company has high reliance on farmers for the cultivation of organic ingredients. Perfect potion is not involved in animal testing. Its production department measures safety of both animals as well as humans, even the minerals used in products is exempted from petroleum and silicones products. Perfect portion does not deal with products which are subjected to dyes, coloring agents, paraffin or fragrances However, considering the present condition of the company, its manufacturing cost is increasing…
8 pages (2008 words)
Perfect Competition
According to the research findings the market with perfect competition is characterized by many small buyers and sellers such that none can influence market conditions; all firms are price takers. The products sold are identical and have close substitutes and this makes it hard for such a condition to be met for in reality, a market has differentiated products due to technological innovations. An example of such products includes agricultural products such as a bushel of wheat. Firms are free to enter or exit the market without any problem and also the factors of production are mobile. The…
6 pages (1506 words)
Market structure
According to Baumol and Blinder (2011 p. 200), such a market must satisfy four conditions. First, the market has many small firms and customers such that no participants are large enough to have market power to affect the price of a product. If one producer reduces the price, there would be no effect on the market since the producer is negligible compared to the whole market. This condition rules out the possibilities for collusion or trade associations; each firm acts independently (Tucker, 2010). Secondly, all the suppliers sell a homogeneous product; there are no close substitutes…
7 pages (1757 words)
Game Theory
2 threatens to play q if the player 1 gives 2 the move; this may be bad for the player 1 so he decides to play W, but also would be bad for player 2. Now, given the opportunity to move, player 2 will prefer to play 1 since it is the remaining Nash equilibrium. One has to bear in mind the tree diagram of probability when handling game perfect equilibrium theory. In game 1, the correct sub-game starts at player2’s decision join; the condition that 2’s choices are Nash equilibrium strategy lowers or reduces the prerequisite that 2 takes the action that yields in the highest induce, thus,…
3 pages (753 words)
consumer behavior
Marketers use this aspect to encourage consumers to purchase a certain product that solves a specific problem. In other words, marketers encourage consumers that if they use the company’s product or service everything will be solved or fixed. A perfect example of this is a Viagra advert where the ad shows a couple dissatisfied with their relationship. After a while, the ad shows the difference that could be if the man took Viagra. This is a great advert demonstrating the need of recognition for the target consumers (Sara and Neslin 2011, 72-86). In this case, the advert manipulate consumers…
3 pages (753 words)
exam paper---read the requirement I send you carefully
In this sense, everyone produces and consumers determine the market price of a product (Johansson, 2004). Similarly, the determined price defines and determines what is to be produced and the consumers who can afford the products. Prices provide incentive to consumers and producers, albeit in different ways. That is, whereas high prices encourage producers to create more goods and services, high prices result in reduced consumption by consumers (Johansson, 2004). On the other hand, low prices discourage production but encourage consumers to consume more of the concerned goods and services.…
6 pages (1506 words)
exam paper---read the requirement I send you carefully
Explanation will be given how the perfectly competitive firms response due to changes in consumer demand. Another market structure is Monopoly. In monopoly market there is only one seller in the market. The differences between the characteristics of the two markets will be discussed. In this paper, brief explanation will be given for different types of market structure. Main Body Perfect Competition Demand –Supply Equilibrium The equilibrium is a situation where the market demand is equal to the market supply. This means for a particular industry, the market demand will be equal to the…
6 pages (1506 words)