Strayer JWI515 Week 6 Discussion Latest 2019 December

Question

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JWI515 Managerial Economics

Week 6 Discussion

Product Analysis

Using a core product or service at your company, address each of the following points:

Assess your product/service in terms of price elasticity of demand. Is it elastic or inelastic (support your decision with rationale)?

Consider the product/service from its emotional perspective, using the prompts below:

What emotion does this product/service elicit from its buyers or users (if different)?

What recommendations do you have for evaluating and improving its emotional impact?

Consider the product/service from the Last Mile perspective, using the prompts below:

What does the customer experience look like?

What recommendations do you have for evaluating and improving this experience?

 

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