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Essay's paper info
| Topic: |
Technology
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| Number of pages / Number of words: |
7 / 1755 |
Essay's paper body
Consumer’s needs and wants are changing from a day to day basis and businesses must keep up with these demands. The following are the needs for a new innovative product:
- Changing Nature of Markets –Consumer demands change; Ipod must monitor the market and adjust production. On the other hand a product can also be in high demand by the consumer and the production would have to increase on short notice to meet the demand...
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The level of activity in Ipod also moves through similar cycles.
- Financial Factors – The availability and cost of finance is a key input which can determine whether Ipod can introduce a new innovation or weather it should just re improve the product.
- Geographic Factors – These can cause change to either the resource inputs of Ipod or its markets...
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