For the Pregnant Mothers Case Example, List the Core Product

question 14

Essay

For the Pregnant Mothers case example, list the Core Product, Actual Product, and Augmented Product. If the case example did not include an augmented product idea, give an example of one that could have been provided.

Analyze the pros and cons of using modular assemblies in manufacturing and their applicability to service products.

Identify and describe external product development strategies.

Recognize methods of service design that can reduce costs and enhance product value.

Perform decision analysis for product replacement or introduction decisions.

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Definitions:

Consumer Surplus

Consumer Surplus is the difference between the highest price a consumer is willing to pay for a good or service and the actual price they pay.

Tax

A mandatory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Reduction

The act of making something smaller or less in amount, degree, or size.

Sellers

Individuals or entities that offer goods or services for sale to consumers or other businesses, participating in economic transactions.