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- Which concepts from the chapter explain why Porsche soldso many lower-priced models in the 1970s and 1980s?In contrast, India’s Tata Motors was moving forward with a strategy focused on small inexpensive cars, even though thiswas a highly competitive market segment, dominated by Japanese auto makers. The company’s aim was to design a smallcar that would be significantly cheaper to make and buy than any other model, and thus to satisfy India’s mass marketdemand for low – cost transportation. The result was the Nano, with a sales price of 100, 000 rupees (US$2,500), whichwas half the price of its closest competitor in India. Tata Motors achieved this by designing everything from scratch, deletingfeatures that were taken for granted by other auto makers (for example air conditioning, power brakes, radios), usinglightweight steel and an aluminium engine, and building in fuel efficiency.The car’s other important feature was its modular design, enabling the Nano to be distributed across the country in kit formand assembled by local businesses. The global reaction to the Nano catapulted the Tata…4. Analyse and explain ONE key risk the company faced when it operates overseas. 5. With reference to the risk you mentioned in Q.4, what is your suggested action(s) for Sushiro? Explain.
- Explain the meaning of the terms 'product under-costing' and 'product over-costing'. In your answer, provide an explanation of how they occur and can relate to eachother when estimating and quoting vehicle modifications. (80-100 words)What is the relationship between gross variable costs, total fixed costs, average variable costs, and average fixed costs when the cost driver changes?The Apple iPad with WiFi connectivity is offered with 16 GB of storage at $499, with 32 GB of storage at $599, and with 64 GB of storage at $699. a. Identify the iPad versions on a price-versus-GB plot. b. Which is the good version? The better version? The best version? c. What might have driven Apple to offer a 16 GB version of the iPad? A 64 GB version? d. According to the theory of extreme aversion, which version of the iPad is likely to be most popular with consumers"
- Easy Play Audio/Video Corp. has been selling audio and video equipment to the international market for six years. Recently, the company decided to drop its line of televisions because the United States is importing televisions at a lower cost than the company can make their television. Which stage of the product life cycle theory is the company currently in? A. Stage 1 B. Stage 2 C. Stage 3 D. Stage 4Converse was introduced in the 1920’s. Attached is an image of the sneakers from its introduction phase in the 1920’s. Q 1 -What stage of the product lifecycle do you believe the Converse All Star to be in currently (the year: 2022)? Justify your answer.Explain Average variable cost (AVC)?
- Can variable costs be differential cost.? If yes how is that possible, if no how is that possible.Green Fields Coffee Co. introduced its line of herbal coffees to the international market two years ago. They were well received and now foreign competitors are starting to appear. Which stage of the product life cycle theory is the company currently in? A. Stage 3 B. Stage 4 C. Stage 2 D. Stage 1K and Q Beverages Ltd started off twenty years ago as a small dealer making non alcoholic beverages in Nairobi from just two products at the time, the firm has expanded in its product portfolio and now boasts of six products in various stages of the product life cycle, and a considerable share of the market share. Over that period, some of the products introduced did not survive and ended up failing soon after introduction, which has been very costly to the company. The company has realized that proper branding and packaging are key in product development and management. With an illustration, discuss the product life cycle as is applicable to King and K and Q Beverages Ltd, clearly showing the key decisions to be taken for products at each stage