Bob at Bob’s Furniture is looking at a perceptual map about customers’ ideas about his products. The attributes customers care m
ost about are price and comfort. They care less about aesthetics and quality. The attributes in which Bob’s products are doing worst are comfort and quality. They are doing best on price and aesthetics. Which attribute should be Bob’s priority as he tries to improve? a. quality b. comfort c. aesthetics d. price
Bob should prioritize on <u>b. comfort</u> to improve his business.
<u>Explanation</u>:
A perceptual map is a chart that represents the views of customers about specific attributes of a product, an organization, brand or service.
In the above scenario, Bob was the owner of Bob’s furniture. He was looking at the perceptual map about his product. He came to know that customers concentrate on price and comfort. His product was designed focusing on the price and aesthetics attribute. But customers never care about aesthetic and quality.
So Bob decides to give priority to comfort to improve his business. As they are already focusing on price, he decided to take additional care on comfort of the product.
Techniques? Hm, well I’d definitely try to reason with them. I’d rely more on logos by giving facts or data that can be proven in some type of way.
This was the best answer I could give for right now, considering that I’m currently typing with one hand. Let me know if you have any further questions.
ROI is the answer to this question. ROI or Return of
Investment is when the capital is now gained back and the business computes the
amount of profit during the time the investment was returned. Return of
investment is computed by dividing the benefit of investment over the cost of investment.