06 Feb Consider the product/servi
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Strayer JWI515 2019 December Week 6 Discussion Latest
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Question # 00746162 Subject Education Topic General Education Tutorials: 1
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JWI515 Managerial Economics
Week 6 Discussion
Product Analysis
Using a core product or service at your company, address each of the following points:
Assess your product/service in terms of price elasticity of demand. Is it elastic or inelastic (support your decision with rationale)?
Consider the product/service from its emotional perspective, using the prompts below:
What emotion does this product/service elicit from its buyers or users (if different)?
What recommendations do you have for evaluating and improving its emotional impact?
Consider the product/service from the Last Mile perspective, using the prompts below:
What does the customer experience look like?
What recommendations do you have for evaluating and improving this experience?
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