Business Driven Technology
Business Driven Technology
7th Edition
ISBN: 9781259567322
Author: Paige Baltzan Instructor
Publisher: McGraw-Hill Education
Question
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Chapter B, Problem B1.5MBD
Program Plan Intro

Product life cycle:

  • It includes four phases that a product progresses through during its life cycle.
  • The phases includes:
    • Introduction
      • The product awareness is built and market of product is developed.
      • Marketing mix is been used to help impact target market.
      • Quality level as well as product branding is established.
    • Growth
      • The brand preference is built and market share is increased.
      • The quality of product is increased and additional features are added.
      • The increase in demand allows price to remain constant.
    • Maturity
      • The growth in sales diminishes.
      • Similar products would show competition.
      • The primary aim is to defend market share with maximizing profits.
      • Some companies would enhance features of product for differentiating market product.
    • Decline
      • Sales begin to decline at this stage.
      • It can maintain product by addition of new features and finding new uses.
      • It can reduce cost and continue offering it.
      • It can disconnect product and sell it to another inventory who willing to continue with product.

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Read the following Case Study Leah Jones is the IT manager at Rock Solid Outfitters, a medium-sized supplier of outdoor climbing and camping gear. Steve Allen, the marketing director, has asked Leah to develop a special web-based promotion. As Steve described it to Leah, Rock Solid will provide free shipping for any customer who either completes an online survey form or signs up for the Rock Solid online newsletter. Additionally, if a customer completes the survey and signs up for the newsletter, Rock Solid will provide a $10 merchandise credit for orders of $100 or more. Leah has asked you to develop a decision table that will reflect the promotional rules that a programmer will use. She wants you to show all possibilities. 1)  create the basic decision table 2)Leah has seen your decision table and thinks it could be simplified to eliminate any combinations that would be unrealistic or redundant. How will you proceed?
Read the following Case Study Leah Jones is the IT manager at Rock Solid Outfitters, a medium-sized supplier of outdoor climbing and camping gear. Steve Allen, the marketing director, has asked Leah to develop a special web-based promotion. As Steve described it to Leah, Rock Solid will provide free shipping for any customer who either completes an online survey form or signs up for the Rock Solid online newsletter. Additionally, if a customer completes the survey and signs up for the newsletter, Rock Solid will provide a $10 merchandise credit for orders of $100 or more. Leah has asked you to develop a decision table that will reflect the promotional rules that a programmer will use. She wants you to show all possibilities. 1)  create decision tree
ROI Spreadsheet Create an Excel spreadsheet that depicts Return on Investment (ROI) calculations that support your plan

Chapter B Solutions

Business Driven Technology

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