Thursday, August 29, 2019

Marketing Analysis Essay Example | Topics and Well Written Essays - 1500 words

Marketing Analysis - Essay Example The high portaging prices, and bureaucracies imposed by sale of bionic products is based on the high production costs and minimized vendor efficiency. The economic policies promote competition through influencing positive performance of sales in artificial limbs. The bionic limb products have extensive sales in the country based on the expected turns of lower annual performance and differences in economic aspects. Primarily, the connection bases its application on global financial crisis that affects most countries’ financial statuses. The governments of such countries predict slow economic growth of their GDP leading to reduced levels of incomes. The implosion on customers’ buying behavior is reduced purchases and solicitation of alternative forms of therapy (Baines & Fill, 2014, p 74). The component is a significant implication of the consideration of bionic components used in making life easier for the users’ lives (Baines & Fill, 2014, p 47). The growth in global population includes various elements of influences within the bionic limb industry. There is an increasing ratio of bionic devices in use through higher levels of patients. The competition increment allows for developments in technology and growth in influence of financial positions for each element of the market. The application of technology offers a viable approach to embracing diversity based on manufacturing’s maturity and capacity (Baines & Fill, 2014, p 23). This concept impacts differently on various levels of innovation in the company. Diversification of technologies allows for increased innovation, interaction, integration, and development potential. The increase in healthcare expenditure coupled with the emergence of extra healthcare facilities the emerging economies to provide more growth opportunities among markets for medical bionic implants. The customers

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