The production of a Universal Replicator could be devastating to the economy upon its introduction and therefore would be considered bad if it were to cause the prices of goods to drop. There could certainly be some benefit for the consumer if the prices of goods did fall at such a rate as it would increase their spending power on abiotic goods, while not actually causing an increase in their income. However, this is assuming that the manufactures would allow for their prices to fall. This would highly unlikely given the potential havoc it could cause for them. Additionally, some manufactures already produce products with very low costs, but charge a much greater sum because of their name recognition meaning that the prices of goods may not
In “Jennifer and Rachel,” Lee M. Silver argues that reproductive cloning deems permissible to those who encourage it, as opposed to those who reject it and don’t want to run the risk of how they’ll look in the eyes of society. Jennifer, an independent career driven woman, believes that the best way to have a baby of her own at her age is by cloning. Silver’s description of the cloning procedure is done by retrieving cells from the willing adult; prepare the cells for merging to unfertilized eggs, and then the embryos that develop successfully will be introduced to the uterus of the willing adult. Jennifer partakes in the cloning procedure and it was successful. Nine months later on March 15, 2050, Rachel was born.
could produce would be widely demanded, so it would be to the benefit of many
Human cloning destroys individuality and uniqueness. “What makes people unique is the fact that we have different genes and cloning would lose these important parts of our bodies makeup.” There would be less of a variety of people and everyone would be the same. This would not only be the good qualities, but also the bad that would pass on. Since clones and the original donor will look alike and have the same DNA, it would be nearly impossible to tell the difference. Overtime, they would lose their individuality and uniqueness. For example, say a crime was committed.
In sum, the total costs of fuel, maintenance, employment, and supply and demand overseas, and communicative costs it would be much cheaper and possibly more efficient if these small storages of information could be manufactured on US grounds, but it simply does not work that way. For now, it all depends on the manufactured quantity and how big of an impact it will have on the society, the welfare of the workers and the economy.
Children readers often make decisions on their choice/interest in a book based on the gender of the main character. Girls typically are uninterested in "boy books," and boys often reject the idea of reading "girl books." Consider gender based reactions that readers may have to the book you read. Does the author or the publisher do anything to make the book more appealing to both genders? Do you think girls and boys have different schema for the Middle Ages? Communist Russia? What do you think a girls' schema vs. a boy's schema would be?
Consumers have on several occasions questioned the price of products in relation to their value. Quality, use and importance, are influential aspects that determine the way consumers respond to a particular product. On the other hand, manufacturers and retailers are more oriented towards increasing customer satisfaction by producing quality goods at affordable prices. However, affordability is not supposed to affect the company’s expected profits. Companies may therefore fail to meet the consumer expectation on price because of the costs incurred during the production of their products. Since consumers are the most important assets to a company, the price of goods should reflect the value that consumers are willing to pay. It should therefore be the responsibility of every company to ensure that pricing reflects value without compromising on the expected profits.
Lastly, the developments in machinery impact the company tremendously. Machines are meant to decrease manual labour workload. Hence, Starbucks has to question if these developments will affect the standard of quality products, and will manufacturing, thus, be cheaper?
Cloning is making the similar physical and behavioral copy of existing thing. Cloning of things in Internet of Things is making the device that holds the exact behaviors of the existing device in the market. By cloning things any manufacturer can make things and include the properties of the things like physical configurations or behaviors. In Internet of Things devices interact with humans as well as other devices to share the information. If the cloned device is programmed to pass the user sensitive information to the untrusted servers, it may cause serious problems to the user. So when buying the devices users should verify the manufacturer of the device for security purposes. The manufacturers have to find a way to securely transmit the data to only trusted device by some verification methodologies like authenticating the users to access the web.
Bringing in innovation in products to reduce choices, hence reducing the fatigue factor, increase utility of the fad & cut down prices.
With the elasticity of price being highly elastic and negative, any reduction in price leads to high sales. Nonetheless, this is only possible where the elasticity quotient is 1. Where the quotient is more than 1, a reduction in price results in increased demanded quantities and a subsequent increased sales until the point of unity. Price reduction will likely increase market share for the company as well as increase revenue.
More competition in lower trade as other firms will try to convince that their product is better than K2-products.
Interestingly enough, MacArthur came to the realization of how the circular model of economics could benefit the world after she broke the world record for circumnavigating the globe in a sailboat. As she said during a Technology Engineering and Design(TED) Talk, “I realized we 've been perfecting what 's effectively a linear economy for 150 years, where we take a material out of the ground, we make something out of it, and then ultimately that product gets thrown away, and yes, we do recycle some of it, but more an attempt to get out what we can at the end, not by design.” This circular economic model introduces an entirely different mindset than the world operates at currently, but could quite possibly revolutionize the way consumers and distributers function. Instead of consumers owning, say, a dishwasher, they might own a license to use the dishwasher. Then, when the company develops a new dishwasher, the out-dated unit would be recycled, and the new would be put in.
In the past few decades, humanity has seen the fastest and most expansive development in its technological capabilities. Cities roaring with skylines higher then mountains, people traveling from land masses thousands of miles in a matter of hours, and even tiny tablets weighing about a pound are able to contact someone half way across the globe. Times are changing, and the new age is undeniably upon us. The competitiveness in a free market has allowed companies to expand and reach for humanity’s untapped potential. But what happens when the competitors in a free market join hands and agree to implement self-destructive mechanisms in their products? Is the importance of driving capitalism truly more important than the wellbeing of the consumer? All these questions are relevant to consumers because planned obsolescence is a reality in our current economy. By analyzing the example of incandescent light bulbs as well as the ethics versus the benefits of planned obsolescence, it can be concluded that planned obsolescence is not beneficial for the consumer but necessary for the current development of society until we can find an alternative to this waste-based society.
...n the companies will have to decrease the price otherwise the product will not be sold at higher prices and the revenue would not be as large as companies would like to.
It is important to understand that quality varies when product evolves through time. Consider this, when refrigerators were introduced newly it contests on the level of performance and when all competitors are close enough to a certain level customers expect all products to perform (maintain a necessary temperature to keep bacteria away).then competition goes to the reliability stage where they compete on reliability, Durability, Conformance and Perceived Quality once these aspects are meet or even close to judge the completion moves on to convenience stage Features, Serviceability and Aesthetics will be their success factors and product is considered to be a commodity that is contested on price.