Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Chapter 14, Problem 2DCS
Summary Introduction

To discuss: The factors considered while evaluating the total product offer for a vacation resort, a smart phone and a rental apartment.

Introduction: An isolated place where the commercial establishments are self-contained and serve for the needs and requirements of the tourists, such as, lodging, food, drink and entertainment; is known as resort.

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What is a good response to this post? For this discussion, I'll share a strategy that our company implemented several years ago. It was a significant undertaking, and I remember it well. Our company was going to upgrade our Automated Teller Machine (ATM) to an Interactive Teller Machine (ITM). However, this meant we had to change debit card processors to accomplish this. Changing debit card processors meant a disruption in services for our members as we transitioned from one company to the next. This transition meant that on the day of the transition, the old cards would no longer work, and members would need to start using the new cards they had received in the mail weeks prior. Our goal was to manage this transition as smoothly as possible. Our goal fits with the realities of the external environment and resources only to an extent. We had resources like mailing letters, advertising the change on the mobile app, online banking, and in-branch brochures on completing the transition…
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