Essay Assignment For your writing assignment, do some research, and write about it. You are expected to show how deep you understood the concepts in this course and how comfortable you are to use them...

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Micro Economics


Essay Assignment For your writing assignment, do some research, and write about it. You are expected to show how deep you understood the concepts in this course and how comfortable you are to use them in your writing. Please write no less than two pages and no more than three pages. You have to write it in your own words but if you are stating any specific information cite the work. Here is the topic: 1- When a new product, either good or service is introduced, it improves the well-being of both consumers and the producers of that product. Do you have any example of such a new innovation that you have seen in your lifetime? Can you write about the social welfare created by that particular new product?
Answered Same DayJun 03, 2021

Answer To: Essay Assignment For your writing assignment, do some research, and write about it. You are expected...

Abhishek answered on Jun 04 2021
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Title: Micro Economics
Contents
Introduction    3
Improving Customer Experience
(CX) Strategy driven by Advanced Technology    3
Social Welfare    4
Conclusion    4
Works Cited    5
Introduction
In order to retain good health of the organization, an important thing must be taken care of while introducing new products or bringing innovation in the existing products. The new product will ensure the relationships with the consumers are stronger. Promoting new products would create a congenial industry atmosphere. Innovation would support every aspect of the business. The chain starts from employee satisfaction to marketing and supplying the raw materials for production will be profited.
Improving Customer Experience (CX) Strategy driven by Advanced Technology
In the present days, the business organization has become very dependent on the internet. Therefore, the strategy, which I am going to describe, applies to the E-business industry. The strategy suggests acquiring the information regarding the buying tendency of the consumers without asking them directly. Technically, the tool “advanced end-to-end analytics” directs measuring “online footprints” of the customers (Keiningham et al.).
The “online footprints” tell what is...
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