Product differentiation and development of new product features also influences preferences for commodities. Development of hybrid cars is one of the contemporary trends in the market with proposed advantages over regular…
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To the car owner, hybrid car offers an opportunity for lower fuel expenses. The savings can then help in other needs or can be used to meet needs of other members of the society through donations. Lower spending on fuel also allows for savings and increase the car owner’s economic potentials. In addition, fuel supply and prices are highly volatile and purchasing a hybrid car cushions the car owner from price elasticity besides reducing pressure on fuel to push demand and supply towards equilibrium. This benefits other fuel consumers by ensuring reduced elasticity in gas price. Buying a hybrid car also has positive environmental effects. It reduces the amount of environmental pollution from regular car engines and would promise to reduce amount of green house gas emissions towards stable climate. Exhaust gases from regular car engines also affect the respiratory system and buying a hybrid car will reduce this effect. Hybrid cars however have the consequence of high purchase price and high engine maintenance cost but these are not daily expenses while the benefits are common and long term. I am however able to afford these and the costs are only limited to my financial potential and will consider purchasing a hybrid car (Patricia 41).
A regular car, however, is cost effective in terms of purchase and maintenance than the hybrid car. This will ensure convenience and allow for savings but the higher cost of fuel counters these benefits and operating a regular car may in the end be equally expensive. No cost benefit may therefore be derived from the regular car in the end. Disadvantages of the regular car are however many and extend from the car owner to other members of the community. With volatility in gas supply and prices, buying a regular car would increase pressure on gas supply and therefore increase price elasticity and both the car owner and other gas users will be
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Also take into account process ability of your materials and justify their selection by producing 2 attribute charts for each using the CES Edupack software. It is expected that you will provide 2 attribute charts for each material you select and approximately 500 words for each of your two components in this section.
The main aim of the organization is to increase profits and capture the market share but when things turn around, organizations need to find out the reason for such problem.
Sales often refer to the top line of the financial statement. Thus trends on sales tend to reflect both the quantity as well as the price at which the sales of the product have been made.
Core Values Next’s core values rest on doing business in an ethical manner – taking care of their employees; maintaining healthy relationships with their suppliers; and delivering value to their customers. At the same time, the company remains fully responsible towards its impact on environment.
The report included the purpose of hybrid system and revealed the way it has become more economical because they can heat homes at lower temperatures. The discussion part is where the researcher attempted to offer more details a about hybrid system by backing up information with varied literature materials.
One of the models of cars that are now very popular is called Audi and that is the brand that will be referred to in this write up. The entire plan is to decide on preparing a new advertising plan for the brand. This is not the first time that the brand is being advertised and thus previous advertising has to be referred to and analysed before deciding on the new plan.
Therefore, consumers and their changing demands for the industry becomes an important consideration. Companies now have to give more attention to varying consumer needs.
Customer Orientation: Factors like customer services, warranties etc become important.
In car racing, the deterring factor is normally speed and time in which things are done (Doeden, 2009). For instance, in order to win in a car race, apart from the driver being well skilled and fast enough, other staffs such as those responsible in changing tires
The hybrid cars blend the benefits of gasoline engines and the electric motors and can be designed in such a way that they obtain different objectives like enhanced fuel economy, increased power or more power
Unlike hybrid vehicles, electric vehicles make use of electric motors to move. The car can go by using the stored electrical energy on either batteries or other devices that store the energy (Brand, 120). Electric cars, unlike hybrid vehicles, have been popular
The company has a range of emerging competitors, for instance, in the car-sharing industry. It must addressed competition to ensure sustainable and long-term profits.
The services offered by the Zipcar Company are flexible since the customers do not have direct
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