Identify five technology design factors and explain why they are important for your business

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Identify five technology design factors and explain why they are important for your business

Expert Solution
INTRODUCTION:

A number of products and commodities are being offered by organizations these days to the consumers and customers. The markets are global these days. Also, the organizations are trying to take a competitive advantage over one another. The competitive advantage can only be taken once the organizations always try to give something new to the customers like improved services, improved design, improved product features, etc. 

There is already a lot of innovation that has been done these days. The organizations are using the technologies to the maximum level and all the processes of manufacturing the products have also become completely design. The product design processes are also being automated. 

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