Question: Sayeed, a talented engineer, is developing a pocket - sized washing machine called Fly Machine. In a bucket of water and clothes, you put Fly

Sayeed, a talented engineer, is developing a pocket

-

sized washing machine called Fly Machine. In a bucket of water and clothes, you put Fly Machine and the device vibrates at very high frequencies, causing ripples that hit stains in clothes and remove them.

Sayeed is unsure whether this innovative product will be in demand in the market. As he does not come from a business background, he seeks your help.

How should Sayeed develop a product the market wants

(5

marks

) ?

How will you strategize Sayeed

s future production plan after the product gains some users? Explain the consequences of a wrong plan

(10

marks

) .

If you do end up implementing the wrong plan, what are some ways you can cut down costs?

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