Question: please use this forum to create a business model on a product called the water walker, which i will take into a international market. the

please use this forum to create a business model
please use this forum to create a business model on a product called "the water walker", which i will take into a international market. the water walker is a underwater walker designed to assist elderly indivuals in the water so that they can be independed and mobile in the water. use this example to come up with a business model for the water walker. The business model is the description of the set of fundamentals that allows a company to make money. In its most basic form, it needs to make explicit Who the customer is and what she values (e.g. for Ferrari cars: 0.5% income percentile that values fast cars) How do we make money (Ferrari: by selling cars with specialized engines at four times production cost) Economic logic of how to deliver value to customers at appropriate price (Ferrari: focus on brand building, do not allow customers the resale of used cars, but require them to return them to dealership) Ferrari is actually quite a sophisticated example due to their specific resale policy, with which they control the market. For most products this is much easier

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!