BUS 110 Introduction to Business 9th edition TOPIC 1 CHAPTE

BUS 110 Introduction to Business 9th edition

TOPIC 1 - CHAPTER 13:Using the 4 P\'s of marketing, think of an effective mix for one of the following goods and services: a new electric car, an easy-to-use digital camera, or a car wash for your neighborhood.

TOPIC 2 - CHAPTER 16:What kinds of problems can emerge if a firms doesn\'t communicate with environmentalists, the news media, and the local community? In your area have you seen examples of firms that aren\'t responsive to the community? What have been the consequences?

TOPIC 3 - CHAPTER 17: As a potential investor in a firm or perhaps the buyer of a business, would you be interested in evaluating the company\'s financial statements? Why or why not? What would be the key information you would seek from a firm\'s financial statements?

Solution

the 4ps in marketing are product, price, place and promotion; here i will chose electric car as my prduct.

there are many limitations in present existed electric cars in the market. i will select a best team who can design and plan for a best electric in the market.

i will charge the price only to cover the manufacturing expenses only initially. once i got identification and recognition in market then i will increase the price.

i will choose some specific dealers in major cities only, and i does not collect any deposit from them. a request them to sell ateleast 10 cars and i will provide one aditional car to them at free of cost.

my promotional activities will be like save the money and save the world. with this car we can save the money, natural resources like petrol and diesel and we can protect the environment by emitting less harmed gases in the environment.

we should communicate about the problems and we should educate the people who are staying and working in the area. thta is a basic and common thing in the process of industrialization. the word development and industrialization brings us many benefits along with huge problems. the one is environmental damage, as a producer of the product we should care about the surroundings and about the people. other wise we may face huge losses and we may not survive in the market for a long period.

3. the reason to analyse the financial statements of a firm is to understand the financial structure of the firm and their growth for the near past. financial statments are the blue prints of the firms performance, and a professional can identify and express a firms financial and non financial performance by observing those statements. but for that he requires more than one year statements.