Posted: February 19th, 2022
Sources of Technical advantage.
According to the above theories, different technical advantages can be derived—automation of the consumer product, such that it does not need continued human attention to operate. With the continued increase in technology, most consumer electronics have become automated(Nightingale et al. 2021:28-36). They only require human intervention when being installed and maybe during maintenance. It is, therefore, a good idea to ensure that the product is automated in a design that will have more consumers coming for the development and leaving the rest in the market.
They ensure an effective method to rectifying the product in case of a fault in the commodity. The company should have procedures for recalling if a defect is discovered. The company should offer regular maintenance of the product at the flexibility of the consumer.
When considering picking this market should present a comparative advantage should be considered. Low-cost, high-quality products would increase the profit margins for the company(Nightingale et al. 2021:28-36). Provided there is consistency in the quality of the product. Then consumers are assured that the product is of the best quality and does not change. Accurate product duplication should be done for customers to gain confidence in whatever is being offered.
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