NV Inc Has Launched a Touch Sensitive Handset in the Indian

question 102

Essay

NV Inc. has launched a touch sensitive handset in the Indian market and priced the same at INR 9500. Although many people are checking it out and showing interest about purchasing it, the majority of them are holding themselves back because they feel that it is not worth INR 9500. They compare the handset's feature with that of its other competitors offering the same features and come to a conclusion that it is worth INR 8500 and nothing more than that. What kind of a reference price are the consumers using?

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Definitions:

Stages Of Development

The phases or steps in a process of growth or progression, typically referring to psychological, physical, or social development in humans.

Performing

The fourth stage in the Tuckman's stages of group development, characterized by high levels of function, collaboration, and efficiency achieved by the team or group.

Adjourning

The final stage in group development where the group completes its task and dissolves, often occurring in projects or team-based operations.

Team Empowerment

The process of giving teams autonomy, resources, and capabilities to make decisions and execute tasks in achieving organizational goals.