"A product is not merely its function but a bundle of values" assertion in relation to...
"A product is not merely its function but a bundle of values" assertion in relation to advertising
Homework Answers
Product is something which can be used directly by the customers . It can be of different types such as electronic , utensils, healthcare products etc. Along with product usage and charectersitics every customers need the proper value from the products. In the current era of competitive market same product is available from different market players. The value addition plays significant roles to the customers satisfaction. This value can be added through the unique features, advantage and durability with high precision quality of the products. The extended warranty and customer support ( after sales) will definetely add value to the products as customers feels like loyal to the brand or to the products. The value addition helps in maintaing a strong relationship with the company and customers. The value of the product doesn't lies with the price but majorly with the quality and support/ service of the products. The trust factor is another area which add value to the products.
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"A product is not merely its function but a bundle of values"
assertion in relation to...
8) How do consumers benefit from product bundle pricing? Provide an example of a product bundle...
8) How do consumers benefit from product bundle pricing? Provide an example of a product bundle have personally experienced or considered and its perceived benefits.
1) Consider the assertions below. Prove or disprove the assertion using limits, possibly with L’Hoˆpital’s rule....
1) Consider the assertions below. Prove or disprove the
assertion using limits, possibly with L’Hoˆpital’s rule. Also, if
the assertion is true, show that it is true directly from the
definition of the asymptotic notation and derive values for the
relevant constants.
(a) 3n^2 + 5n + 7 ∈ O(n^2)
(b) 5(n − 2)! ∈ Θ(n!)
(c)
∈ Θ(n)
2) Give the recurrence relation where indicated or solve the
given recurrence relation by algebraically unrolling
it.
(a) Give a recurrence...
2. A firm produces a product with labor and capital. Its production function is described by...
2. A firm produces a product with labor and capital. Its production function is described by Q = L1/2K1/2 The price of labor is w = 1, while that of capital is r = 4. (a) What is the cost-minimizing input bundle when Q = 60? (b) What is the cost-minimizing input bundle when = 30? (c) The desired output level falls from -60 to Q = 30, what is the new long-run cost-minimizing input bundle? (d) In the short-run,...
1) The caste system and its relation to the vedic religion: What function did the caste...
1) The caste system and its relation to the vedic religion: What function did the caste system serve? What were some benefits of the caste system and what are some of the obvious problems associated with such a social hierarchy? What do you make of Bresnan's point that such a system might have provided a social life that was not as anxious and terrifying as the one that we experience?
A one product company finds that its profit. P. in millions of dollars, is given by...
A one product company finds that its profit. P. in millions of dollars, is given by the following equation where x is the amount spent on advertising, in P(x,y)= 4xy +50y - 9y? 10 1 y-80 Find the values of x and y that maximize the profit function, the maximized function value, and interpret these results. The maximum function value occurs at POD-1 The maximum profit of $is attained when is spent on advertising and the company charges per item...
The task was to find the recurrence relation for this function and then find the complexity...
The task was to find the recurrence relation for this function and then find the complexity class for it as well. Provided is my work and the function. My question is, I feel like I'm missing some step in the recurrence relation and complexity class. Is this correct? The following code is in JavaScript. function divideAndConquerSum(x){ if(x.length<1){ return 0; } if(x.length == 1){ return x[0]; } var third = Math.floor((x.length-1)/3); var next = (third *2)+1; var y = x.slice(0, third+1);...
The following demand function has been estimated for product A: QA= aPAbIcPBdPopeABfAAg where QA=quantity ofA demanded...
The following demand function has been estimated for product A: QA= aPAbIcPBdPopeABfAAg where QA=quantity ofA demanded in units PA=price ofA PB= price of B I= per capita income Pop= total population AA= advertising expenditures for A AB= advertising expenditures for B How would you interpret the values for e, f, and g?
1) A firm has estimated the following demand function for its product: Q = 58 -...
1) A firm has estimated the following demand function for its product: Q = 58 - 2P + 0.10I + 15A where Q is Quantity Demanded per month in thousands, P is product price, I is an index of consumer income, and A is advertising expenditures per month in thousands. Assume that P = $10, I = 120, and A = 10. If so, the income elasticity of demand is a) .06 b) .18 c) .36 d) .86 2. Assume that...
The random variable can only take the values (), where .Calculate its characteristic function .
The random variable
can only take the values (),
where
.Calculate its characteristic function
.
Write a function in the C++called summary that takes as its parameters an input and output...
Write a function in the C++called summary that takes as its parameters an input and output file. The function should read two integers find the sum of even numbers, the sum of odd numbers, and the cumulative product between two values lower and upper. The function should return the sum of even, odd, ad cumulative product between the lower and upper values. Please write program in C++.
8) How do consumers benefit from product bundle pricing? Provide an example of a product bundle have personally experienced or considered and its perceived benefits.
1) Consider the assertions below. Prove or disprove the
assertion using limits, possibly with L’Hoˆpital’s rule. Also, if
the assertion is true, show that it is true directly from the
definition of the asymptotic notation and derive values for the
relevant constants.
(a) 3n^2 + 5n + 7 ∈ O(n^2)
(b) 5(n − 2)! ∈ Θ(n!)
(c)
∈ Θ(n)
2) Give the recurrence relation where indicated or solve the
given recurrence relation by algebraically unrolling
it.
(a) Give a recurrence...
2. A firm produces a product with labor and capital. Its production function is described by Q = L1/2K1/2 The price of labor is w = 1, while that of capital is r = 4. (a) What is the cost-minimizing input bundle when Q = 60? (b) What is the cost-minimizing input bundle when = 30? (c) The desired output level falls from -60 to Q = 30, what is the new long-run cost-minimizing input bundle? (d) In the short-run,...
A one product company finds that its profit. P. in millions of dollars, is given by the following equation where x is the amount spent on advertising, in P(x,y)= 4xy +50y - 9y? 10 1 y-80 Find the values of x and y that maximize the profit function, the maximized function value, and interpret these results. The maximum function value occurs at POD-1 The maximum profit of $is attained when is spent on advertising and the company charges per item...
The random variable
can only take the values (),
where
.Calculate its characteristic function
.
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