Outline the concept of the augmented product. Apply and evaluate the concept to a brand of your choice. The concept of the augmented product tries to show how the overall view of the product and brand by fragmenting it into separate dimensions. Corey (1975) describes it as “the product is the total package of benefits that the customer receives when he buys.” There are 3 dimensions; core‚ tangible and intangible. Through these dimensions the product can be differentiated from competitors and
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Augmented Product The concept of the augmented product arises from the need to differentiate a generic product from those of its competitors. Brands cannot exist in the long-run unless consumers can distinguish it from others. The more distinctive a brand position‚ with favorable attributes that the customer considers important‚ the less likelihood that a customer will accept a substitute. To attract and retain consumers‚ the brand must convince them that it is relevant to the consumer’s individual
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Product Life Cycle Every product has a limited life. Product life cycle describes the profit and sales earned by a product over its whole life. There are fives stages: product development‚ introduction‚ growth‚ maturity and decline. iPhone is a new technology advance and it has already gained a favorable result in the market. Therefore‚ it should be in the growth stage now. On April 2003 our CEO believes that cell phones were going to become important appliances for portable information access
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Coursework Header Sheet201473-25 | | Course | BUSI1380: Dev Quality Product & Services | Course School/Level | EN/UG | Coursework | A1 Assignment Development Proposal | Assessment Weight | 50.00% | Tutor | PJ Reid | Submission Deadline | 16/01/2013 | Coursework is receipted on the understanding that it is the student ’s own work and that it has not‚ in whole or part‚ been presented elsewhere for assessment. Where material has been used from other sources it has been properly
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Product/Service Analysis for iPhone Brief description of market I selected iPhone for this individual assignment. The iPhone falls under smartphone category and Apple manufactures iPhone. A smartphone is a high-end mobile phone that offers multiple innovative and convenient features than a traditional phone. Apart from making calls‚ consumers want to access internet‚ watch video‚ take pictures‚ listen to music and want PDA features in one device and smartphone is the right product for
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Product Burger mania will offer a customize burger‚ a combination of vegetables and meat patties based on personal preference of individual. The burger will be a source of fun and meet satisfaction of craving individuals. The burger mania will also provide a refreshing fruit juices that compliment the taste of the buyer. Target Market Burger Mania will be located in Alabang Town Center 2nd floor. The target market are group of individuals who pass by the area. Why Burger mania? Nowadays‚ a customized
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Abstract The main target of this report is to broad the concept of Augmented Reality. In addition‚ this report also includes the analysis of various economic and environmental issues produced by Augmented Reality. The report is divided into 6 different sections. Each section has its own purpose. In the beginning‚ a brief introduction about Augmented Reality (AR) is given‚ along with its types and working mechanism. Similarly‚ the background section tells about the history of AR; how AR has evolved
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Opening page Index Index 1 Introduction 2 Definition: What exactly is augmented reality? 2 How does it work? 3 Evaluation of the current market 4 Future applications 4 Augmented reality as a product: The Google glasses 4 Risks and challenges 4 Introduction We are living in a full-connected world where most homes are connected to a high-speed Internet connection‚ where the Internet follows us on our smartphones‚ our tablets‚ our laptop‚ a world where you can access any information
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ABSTRACT Augmented reality (AR) has been defined by Barfield and Caudell (2001) as a system in which “a participant wears a see-through display (or views video of the real world with an opaque HMD) that allows graphics or text to be projected in the real world.” Other modalities can be included in AR and information can be subtracted from the real world using augmentation. AR is a computer generated‚ interactive‚ three-dimensional environment in which a person is immersed. AR is a
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The Product Concept PhaseAs discussed in Chapter 2‚ new ideas for new products and services are generated in many different ways in and outside the modern company in the market. Today a more open and collaborative process of accessing innovative ideas and problem solutions is available to companies on the Web in the form of wiki platforms. A wiki is a collaborative Website that can be directly edited by anyone with access to it. This virtual market for new product ideas that is generated by a wiki
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