Question: Please help me to solve this questions. 1. Why do people buy products? How can we increase the utility of products through ECE ideas? How

Please help me to solve this questions.

1. Why do people buy products? How can we increase the utility of products through ECE ideas? How did Palm Pilot innovator deal with consumer preference uncertainty? Why is not a cheaper product always a better solution? Why did Tata Nano fail? What is the nature of technology uncertainty faced by electric vehicle and Honda's ASIMO? 2. Articulate the roles of products, tasks in producing those products, and role of technology affecting the labour demand in a firm or a country. What are different ways human beings earn task execution capacity? What is the relative complexity in automating them? Why did developing countries get manufacture jobs from advanced ones? Justify whether it is sustainable. Justify that automation has polarization effect on jobs at different levels. 3. Why has the scope for ECE graduates to work as innovators been expanding, while other two options have been declining? Justify that there are roles for engineers in taking business decisions in taking ideas to market. Why should the journey of taking ECE ideas to market begin from the first principle of Economics? How can ECE ideas weaken competition force? What do market failure and market power mean within the context of ECE ideas? How can ECE ideas expand trade? 4. Why is rational decision making important in taking ECE ideas to market? What are major steps in taking rational decisions? How have ECE ideas been playing role in different industrial revolutions? What are mega trends unfolding through different industrial revolutions? How has the role of labour been changing through these revolutions
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
