We have been working very hard since 2009 to facilitate in your learning Read More. We can't keep up without your support. Donate Now.

www.bit.ly/vucodes

+ Link For Assignments, GDBs & Online Quizzes Solution

www.bit.ly/papersvu

+ Link For Past Papers, Solved MCQs, Short Notes & More

CASE:

Yuwang mobile Inc. is a mobile manufacturer, china based company. Company has initiated an exploratory research on buying process, that how one individual is taking decision while “evaluating the alternatives” of the same product with different name and attributes. The research question was “what are those factors which are affecting the preferences of customer, while evaluating the alternatives”. In this research, team of researcher were experimenting different markets and tried different market conditions, to develop some solid ground to investigate further. During this preliminary investigation, research finds some new dimensions. One of them is the transition of ‘real place’ of market into ‘online space’. Second one is true and appropriate information, which is expensive, and people do not want to invest money on it.
Being the student of business ethics we know that there are two approaches which are widely used in the discussion of marketing ethics and consumer protection. One is Market approach and second is Consumer approach. Critics to the market approach respond that the benefits of free markets are obtained only when the markets have all of the seven defining characteristics:
1. There are numerous buyers and sellers
2. Everyone can freely enter and exit the market
3. Everyone has full and perfect information
4. All goods in the market are exactly similar
5. There are no external costs
6. All buyers and sellers are rational utility maximizers
7. The market is unregulated
Critics of the market approach to consumer issues argue that these characteristics are absent in consumer markets. But still we have several hurdles in exploring different ways of information gathering.
Question:
Being the student of business studies, suggests two solutions for the above stated problems for Yuwang Inc. due to which consumers are not able to get the right, appropriate and reliable information? Elaborate your arguments with the help of example.

Let Start the discussion.

Do not Wait the Last Date.


+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)

+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)

+ Click Here to Search (Looking For something at vustudents.ning.com?)

+ Click Here To Join (Our facebook study Group)


Views: 3505

Replies to This Discussion

please help me in this assignment
please help me in this assignment

RSS

Latest Activity

Profile Iconmahnoor omar, Maira Qurxam, Mr.Right and 24 more joined Virtual University of Pakistan
1 hour ago
+M.Tariq Malik liked Virtual Educators Academy's discussion CS619 Final Projects (Python language) Discussions
2 hours ago
Hacker updated their profile
2 hours ago
Imtiaz Waqar added a discussion to the group STA630 Research Methods
4 hours ago
Imtiaz Waqar joined +M.Tariq Malik's group
4 hours ago
Muhammad Fawad Hassan joined +M.Tariq Malik's group
4 hours ago
Maria commented on +M.Tariq Malik's group EDU101 Foundations of Education
4 hours ago
+ Faisal + replied to shifa arshad's discussion CS605 Assignment No 02 Fall 2020 Solution / Discussion Due Date: 10-dec-2020 in the group CS605 Software Engineering-II
4 hours ago
Maria joined +M.Tariq Malik's group
4 hours ago
Maria and SafeerZaidi are now friends
5 hours ago
SafeerZaidi liked Maria's profile
5 hours ago
Tasha Malik posted a status
"Bio 201 Assignment # 2 Solution https://youtu.be/Gowjc67WZ4c"
6 hours ago
Maria liked +M.Tariq Malik's profile
7 hours ago
Maria left a comment for +M.Tariq Malik
7 hours ago
Blessings posted a status
"Kya khbr k ab wo khan rehta hai...........................Khush rhe yar jhan rehta hai"
7 hours ago
SafeerZaidi liked +M.Tariq Malik's group PAK301 Pakistan Studies
7 hours ago
Virtual Educators Academy posted a discussion
7 hours ago
Virtual Educators Academy updated their profile
8 hours ago
☆ Tina Solangi ☆ updated their profile
8 hours ago
Humaira Khadim replied to +M.Tariq Malik's discussion PSY404 Abnormal Psychology Assignment 01 Fall 2020 Solution / Discussion in the group PSY404 Abnormal Psychology
8 hours ago

© 2020   Created by +M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service

.