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Masteriza [31]
4 years ago
11

When the Segway Human Transporter was introduced in 2002, many people expected the product to be a phenomenal success. While the

Segway is still on the market, it has never been the success so many expected. A recent Wall Street Journal article suggested that the Segway, while brilliant technologically, seemed impractical to most people since it could not be used to replace their current method of transportation. In other words, the Segway had problems with:
Business
1 answer:
grandymaker [24]4 years ago
3 0

Answer:

compatibility

Explanation:

In marketing, compatibility refers to how well a product or service matches the markets' values, expectations and needs. Will customers accept the new product or service and use it, or they will not.

A great example of lack of compatibility is the tablet sold by Microsoft in year 2000. It was a financial disaster and really few people even know that the product was offered and even less people actually ever bought it. Customers had no use for tablets in year 2000, but magically Steve Jobs sold millions a few years later. One might think that Apple products are superlative compared to Microsoft's products, but that isn't enough to explain such a failure.

Steve Jobs believed that customers didn't know what they needed, and if you offered a good enough product, they would like it, buy it and use it. Of course, the product that you are selling must be able to satisfy your customers' needs, even if they didn't realize it at first.

But Microsoft struggled to show their customers (in year 2000 Microsoft was the largest company in the world) that they could actually use their tablets to satisfy some type of need. If a company's customers do not realize that a product will satisfy some type of need, they are not going to buy it.

The same happened here. The segway was supposed to be a great innovation, and if the company had done things correctly it probably could have been. The problem with the segway is that it was meant to replace walking, and for short distances really. It was based on the same logic as a remote control for a TV, only that customers never realized it that way.

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Which of the following statements about economic models is correct? a. Economic models are built to mirror reality exactly. b. E
gavmur [86]

Answer:

c. Because economic models omit many details, they allow us to see what is truly important.

Explanation:

  • An economic model is a theoretical construct that represents economic processes and by a set of variable and has a sets of quantitative interrelations. Also this model is assimilated as a form of a mathematical variable and is designed to show the called processes and selects the data based on the paradigm of the economic study.
8 0
3 years ago
Which of the following is NOT one of the major factors that is credited for contributing to the rise of advertising?
kumpel [21]

Answer:

Trick question. There are no following factors.

Explanation:

6 0
3 years ago
13) In the following expression, Total: [Rate] * [Hours], "Total" is a(n) ________.
Leno4ka [110]

Answer:

B. Group By operator

Explanation:

Hope this helps and have a nice day :)

3 0
3 years ago
Read 2 more answers
_____ is the element in the promotional mix of a marketing plan that evaluates the public’s attitudes, identifies issues that ma
kotykmax [81]

Answer: Public Relations

Explanation: The elements of a promotional marketing mix are the resources an organisation engages in its marketing promotion. They are:

Advertising, public relations, sales promotion, direct marketing and personal selling.

The above listed elements have there unique effect on the sales if an organisation.

Advertising is used to create an awareness of the product to the consumer using all forms of advertising such as radio jingle television advert, billboards etc.

Public relations is used to find out the effect of the products in the market and also to get feedbacks from consumer which will enable mgt to plan on ways to correct any issue observed.

Sales promotions are ways of giving to the consumers fee products as rewards for loyalty

Direct marketing is the use of marketing officers that will speak to consumers personally and try convincing them to try the products

Personal selling is the act of selling the products one on one to customers

3 0
4 years ago
Disadvantage of snob appeal​
Natasha2012 [34]

Answer:

The purpose of snob appeal is to persuade a consumer to purchase a product or service by convincing him or her that the purchase will elevate their status. By appealing to individuals' desires to be among the elite, advertisers attempt to sell their products.

For example, some different ads that illustrate snob appeal include the following:

Cigarette ads with big and tough guys smoking cigarettes makes it seem that the consumer, too, could be among the elite hearty men who smoke cigarettes.

Commercials that show men drinking a certain brand of beer attracting all of the beautiful women in a bar gives the underlying message that drinking that beer will make the consumer more attractive to women.

A food commercial that highlights parents who are "Number One" that purchase a certain food product implies that the consumer will also be a top notch parent if he or she purchases the product.

A perfume advertisement that features a woman dressed in fancy clothes and very expensive jewelry appeals to the "inner snob" by implying that a woman who wears that perfume will be equally as exquisite in appearance.

A commercial for cat food that shows a cat eating a certain brand of food in a posh house with a fancy pet dish makes the consumer feel she is treating her cat the best she possibly can by purchasing that food.

A military slogan that says, "Do you have what it takes?" is appealing to snob appeal by trying to recruit members implying that they are an elite group that has characteristics that others do not possess.

When a company is attempting to sell its services over competitors' services and states "You don't want to deal with those OTHER companies…" it is attempting to elevate its own image to be more appealing as an elite company.

A wireless phone company shows commercials of people waiting in lines to get their phones and the images of those who have the phones are of well-dressed and popular people. The phone company is making it seem extremely desirable to be a part of the group of people who are elite enough to own that phone.

A linen company features their products in an advertisement in a posh and fancy home implying that those who purchase their linens are amongst the elite.

Featuring a popular celebrity in a commercial in which she states she would never use another brand makes the product seem more appealing to the consumer.

A commercial for big screen televisions shows a large group of people watching the Superbowl and having fun, stating that "everyone will want to be at your house" implies that the purchase of the television will make the consumer popular and part of an elite group.

Explanation:

6 0
2 years ago
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