Ravi and Keith have received a detailed report on research the firm commissioned across several different global markets about taste preferences for the Zip-6 product. While Zip-6 has achieved more success in some markets than others; the firm’s chemist has shared her belief that it would likely achieve more if the taste were better suited for these markets. She also contends that the taste alteration can be achieved simply and inexpensively without altering the basic effects of the product. This is something that Ravi and Keith have never before considered. After reading your text material in Chapter 16, this assignment asks you to assume the role of Business Analyst for Zip-6 and prepare a report on the following: Checklist Items:
1. How reasonable is it to expect that taste might be an important factor in some markets and if so, why? 2. Based on your reading, should other strategic factors be considered for the Zip-6 product in addition to taste as each new market is considered and if so, why? 3. As Zip-6 continues to expand globally, can Ravi and Keith expect to see an increase in differences in things like attribute, distribution, advertising, and pricing strategies and if so, why? Draft your response addressing these points in 350 words or more in APA format and submit it as an attached file to the Unit 9 Dropbox before the close of the unit. All papers must have a proper cover page, be written in essay form (paragraph) and be properly cited and referenced in APA. ID: MT220-09-08-AS
The Essay on Market Equilibration Process Paper 2
Other things equal, as price falls, the quantity demanded rises, and as price rises, the quantity demanded falls. Demand shows the quantities of a product that will be purchased at various possible prices, other things equal. In short, there is a negative or inverse relationship between price and quantity demanded. Economists call this inverse relationship the law of demand (MCConnell, Brue, & ...
