04 Analyse how a car manufacturer could add value to its products by focusing on customer wants.

[Fatima ibtehaj]

[KN]A car manufacturer can do this by using better machinery/technology(better engines).
[APP]A car like BMW is a fully automatic car making it faster which consumers prefer due to its reliability more as compared to a manual car which is slow/outdated which hence increases demand for that car despite its high price.
[AN]This helps to enhance convenience and status because of its brand name leading to a rise in customer base hence generating higher revenue.

[Wahaj Ashraf]

[KN]Added value means increasing the value of its products e.g. Providing additional features
[APP]Toyota started providing sunroofs and started providing high quality leather seats which satisfies customer wants. Thus by doing this the business can differentiate itself from competitors
[AN+]Thus this allows business to charge a higher price increasing profits margins thus increasing brand loyalty in the long term.

[areeshasaber]

[kn] A car manufacturer can add value by enhancing the already existing features or adding additional features.
[app]For instance, a car manufacturer adds LED lights, stylish rims, and modifications like body kits.
[an+]This will make customers willing to pay more for customized features, builds a reputation and increase customer loyalty, and cars stand out more

[Arham Qadri]

[KN] A car manufacturer can add value to the car by adding unique features
[APP] A widely known brand such as Toyota can add some features such as heated seats and sunroof. This would attract the customers in buying more cars from Toyota
[AN] Hence due to this brands like Toyota will charge additional price and sales revenue will increase which will further improve the brands image

[Hajra]

Knowledge: Adding value means increasing the worth of a product so customers are willing to pay more than the cost of production.
Application: A car manufacturer could focus on customer wants by offering features like sleek designs, advanced technology, or luxury interiors.
Analysis: This adds value because customers see the cars as more desirable and unique, allowing the business to charge higher prices, building brand loyalty, and giving an advantage over competitors.

[areeshasaber]

[kn] A car manufacturer can add value by enhancing the already existing features or adding additional features.
[app]For instance, a car manufacturer adds LED lights, stylish rims, and modifications like body kits.
[an+]This will make customers willing to pay more for customized features, builds a reputation and increase customer loyalty, and cars stand out more

[Areeba Arshad]

[KN] A business can add value by including features that go beyond the basic need of transportation.
[APP] For example, a Toyota could add leather seats or a sunroof, which are not necessary but satisfy customer wants.
[AN] This adds value because:
Customers see the product as more desirable compared to basic models. They are willing to pay a higher price for these extra features, which increases the manufacturer’s profit margins and strengthens brand image.

[Areeba Arshad]

[KN] A business can add value by including features that go beyond the basic need of transportation.
[APP] For example, a Toyota could add leather seats or a sunroof, which are not necessary but satisfy customer wants.
[AN] This adds value because:
Customers see the product as more desirable compared to basic models. They are willing to pay a higher price for these extra features, which increases the manufacturer’s profit margins and strengthens brand image.

[Mamoona Hussain]

KN: By focusing on customer wants, the car manufacturer would be able to add value to his products as he would know the consumer desires and trends, thus, would produce accordingly.
APP: For instance, if the sun roofs are in trend then he would allocate more since to introduce those features in his vehicles as well.
AN: Due to this he would be able to attract more customers, due to which his sales would increase and so would his revenue, enabling him to earn a higher profit margin which could late be reinvested in expansion or marketing to ensure long term survival.

[Mamoona Hussain]

KN: By focusing on customer wants, the car manufacturer would be able to add value to his products as he would know the consumer desires and trends, thus, would produce accordingly.
APP: For instance, if the sun roofs are in trend then he would allocate more since to introduce those features in his vehicles as well.
AN: Due to this he would be able to attract more customers, due to which his sales would increase which would improve the brand image of the business,, enabling the manufacturer to charge higher prices which would increase added value.

[Qasim_Mahmud]

Kn: Wants are pleasurable add ons that attract customers
App: Heated seats and leather interior can fullfil customer wants
Analysis: This build ls (USP) causing higher prices

[sarah_naeem]

(kn) Adding value is raising a product's value by adding features that satisfy consumers wants rather than just their needs.
(app) For example, a car manufacturer like Toyota might add features such as leather seats and a sunroof, that aren't really needed for just transport.
(an) Keeping these wants as the main focus, the manufacturer can differentiate its cars from competitors so they can add premium pricing, thus increasing profit and revenue and attracting customers who want comfort and style in their cars.

[Dania Farooq]

KNA car manufacturer can add value by focusing on customer wants, not just the basic need for transport.
APPFor example, adding features like leather seats, a sunroof, or a touchscreen system in a Toyota meets customer desires for comfort, style, and modern tech.
AN These extra features make the car more appealing and desirable, even though they aren’t essential as a result, the manufacturer can charge a higher price because customers see more value in the product.
This also helps the brand stand out from competitors

[Shuraim Arif]

(KN) Add new features that are beyond basic transport.
(APP) For example, a car company may add an imaginary but accurate 360* view to provide customers with a better image of the situation around the car. With enough advertising, customers would see how useful this feature is, especially for beginners, who face difficulty in reversing or parking the car. This feature would add value to the company's cars, allowing them to charge a higher price for their USP, and since customers would know its importance, they would be willing to pay this higher price for the feature.
(AN) This higher price charged from customers would satisfy the company's costs quickly and eventually it would be able to generate a higher profit from increased sales.

[M huzaifa jillani]

(KN)
Adding value means making a product more attractive so customers are ready to pay a higher price . Focusing on wants means giving extra features customers like, not just the basic need.
(APP)
For example, a car company can add leather seats, bluetooth, or a fancy design.
Customers want these thing even though a simpler car can already take them from one place to another
(AN)
By giving these extras , the business can charge more money and beat rivals .
Customers feel proud and happy , so they choose that car. This increases
profit , even if costs are a bit higher.