Chapter 8, Problem 8DRQ

what are potential consumer responses to service pricing or policies that are perceived as unfair?

How does market competition influence pricing strategies and consumer choices?

In a business, how does consumers provide value to a product or service?

Understand value from the perspectives of customers. producers, and society

How do consumer products differ from industrial products?

1. Why people demand in beauty products. 2. Why people demand in food products.

Which cost drivers and/or value drivers are important for creating superior total economic value for Nestle Company?

How will you distribute your products? How will you ensure your customers can convenientlyexperience your products?

Directions: Write a one page essay about a product that you consume today. Use the following guide questions below. 1. Identify a product that you use today. It could be a gadget, a mode of clothing, food that you consume, etc. 2. Expound the process of how such thing or object become part of your day to day living. 3. Discuss the role of economic globalization exemplified in that product that you have identified. 4. How does economic globalization impact the local, the national and the global economy?