IGCSE, A Level Business Student Forum

[kn] introducing the newest functions/features
[an] this can help the products stand out more in comparison to their competitors
[an+] as a result, appealing to potential consumers hence more sales generated

[kn] by offering warranties
[an] adding warranties for the electronics for ex: repairing malfunctions can peak the interests of customers
[an+] hence the business can charge additional prices aswell

[kn] innovative features
[an] This will attract customers and they will purchase the phones boosting sales
[an+] This will increase the total revenue generated and hence increase the profitability of the business.
[kn] regularly updating the software
[an] This will keep the phones actively updated as compared to the competitors' phones which may not be regularly updated
[an+] The business will have a more competitive edge and hence, a greater market share.

[KN]by upgrading it externally
[AN] This can be done by improving its safety, higher resolution screen, etc, and improving the quality of the product which increases customer convenience of using that product and they become your potential customers carrying on.
[AN+] This then increases customer retention and thus long-term sustainability

[KN]by upgrading its internally
[AN] This could mean designing a more user-friendly interface that makes it easier for the consumer to use leading to customer satisfaction and a good mouth of your product being spread
[AN+] This would spread the good word about your product and improve your brand image

[KN]by upgrading its hardware it can add value to its product
[AN]this can be done by improving its safety, higher resolution screen etc and improves the quality of product which increases customer loyalty
[AN+]this then increases customer retention and thus long term sustainability

[KN] innovative features
[AN+] This will attract customers and they will purchase the phones boosting sales
[AN+] This will increase the total revenue generated and hence increase the profitability of the business.

7. Analyse how a mobile phone manufacturer can add value to its products. [6]

[KN]by using promotion like, advertisements of admiration from Photographers, mobile phone gamers, influencers or celebrities
[AN]through this, a unique and distinguished look is created which targets and attracts a wider group of customers, increasing sales
[AN+]Improving their brand image, encouraging customers to pay higher, and earning them a higher profit, with many more benefits

[KN]By regularly uppdating the system software, most probably in a span of 5-6 months
[AN]through this, errors are reduced, showing a efficient and robust(not sure if this is the right word but don't judge)software to customers
[AN+]further satisfying their un-dying demand of perfect technology, improving brand image and customer loyalty, leading to further, far future benefits.

[KN] Improve Quality
[AN] by using better quality raw material hence better quality product so more in demand
[AN+] meets customer standards and also improves brand image
[KN]By adding new features
[AN]These new e features may include a better camera and software improvements
[AN+]Thus this will not make the product seem outdated which will keep its demand high and may lead to better brand image.

[KN] Adding more features
[AN] by improving the product it's self they can add value to the product
[AN+] When the compete with a product which has less feature they always be able to get more market share

[KN] Asking for the phone feedback and improving the product
[AN] when understand the market demand and develops a which required by the market would lead to higher market share
[AN+] this would satisfy the customer and leads toward brand loyalty

(KN) By improving the products hardware
(AN) as by doing so, the hardware of the product will make it easier for people to access the product and use it more efficiently,
(AN+) and thus when this improvement will be recognized by the customers, they will surely buy the product hence giving the manufacturer a chance to add value to it.

(KN) By making the product more reliable for the customers
(AN) as by improving the battery and storage of the product, it will become more reliable in the eyes of the customers,
(AN+) and hence because of this the manufacturer will be able to add value to it's products as people will find it more convenient to buy regardless.