The Value of Products…See attached instructions.  Questions must be addressed/answered. The Value and the Disrupter The

The Value of Products…See attached instructions.  Questions must be addressed/answered.

The Value and the Disrupter

The products are your (each student’s) choice.  A student selects a product (five in total), describes the price they would pay, the value associated with the product, and the difference between the two. 

I think I used a dry erase marker in class to demonstrate the price ($1) vs the value (varies – nothing for some, $1-3 for some, and more than $5 for others), and the difference was because various options or no use, but if I needed one, I would pay more because the value has changed. The next column is the actual price such as Walmart, Amazon, Ali Express, etc. The price difference is what was listed in the second column vs the actual price.  The fourth column explores how technology disrupts value. In the case of the dry erase marker, if we switched to a digital board, the value of the dry erase marker would be nothing because I would have no use for the product.

Product

What would I pay? What is the value? What’s the difference? (1 pt)

Actual price found online (or price range) with source

(.5 pts)

The price difference (.5 pts)

How can technology disrupt the value? (1 pt)

Product A:

 

 

 

 

Product B:

 

 

 

 

Product C:

 

 

 

 

Product D:

 

 

 

 

Product E:

 

 

 

 

Answer the following questions (1 point each):

·
What are the differences between your pricing estimates and actual pricing?

·
What do you believe is the source of the difference?

·
As a consumer, do you care about the price of certain items than others? Why?

·
What influences your level of concern/perspective about price? How does tech impact this influence?

·
In this exercise, did you learn anything that surprised you?

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

KRYSTEL BERGHER PROFILE Accomplished Customer Service Expert committed to the delivery of quality service. Professional and Ethical.

KRYSTEL BERGHER PROFILE Accomplished Customer Service Expert committed to the delivery of quality service. Professional and Ethical. Seeking to assist or help a new customer service department in creating and achieving the much-needed customer service goals. CONTACT ADDRESS: 15851 Southwest 139th Place, Miami FL 33177. PHONE: 305-992-6010 EMAIL: [email protected] om

Business Law BUS 3301 VII Question 12 The principal agent relationship, the employer-employee relationship, and the employer-independent contractor

Business Law BUS 3301 VII Question 12 The principal agent relationship, the employer-employee relationship, and the employer-independent contractor relationship are three types of agency relationships commonly found in business settings. Why is it important for business professionals to know what type of agency relationship they are forming?   Your response must

pfa TASK 1: By Tuesday Evening Reflection and Discussion Forum Week 3

pfa TASK 1: By Tuesday Evening Reflection and Discussion Forum Week 3 Assigned Readings: Chapter 8. Understanding Markets and Industry Changes. Chapter 9. Market Structure and Long-Run Equilibrium. Chapter 10. Strategy: The Quest to Keep Profit from Eroding. Initial Postings: Read and reflect on the assigned readings for the week.