evaluation & the consumer 5
DESCRIPTION
Student WorkTRANSCRIPT
![Page 1: Evaluation & the Consumer 5](https://reader036.vdocuments.mx/reader036/viewer/2022082805/54befcca4a7959307d8b45aa/html5/thumbnails/1.jpg)
INES CHANELAINE LUI
SUNMIN LEE
EVALUATION AND THE CONSUMER
![Page 2: Evaluation & the Consumer 5](https://reader036.vdocuments.mx/reader036/viewer/2022082805/54befcca4a7959307d8b45aa/html5/thumbnails/2.jpg)
#1. DEFINE VALUE FOR MONEY.
![Page 3: Evaluation & the Consumer 5](https://reader036.vdocuments.mx/reader036/viewer/2022082805/54befcca4a7959307d8b45aa/html5/thumbnails/3.jpg)
Value for Money
The relationship between the worth of the product and the amount of cash spent on it.
![Page 4: Evaluation & the Consumer 5](https://reader036.vdocuments.mx/reader036/viewer/2022082805/54befcca4a7959307d8b45aa/html5/thumbnails/4.jpg)
#2. COMPARE PRICE WITH VALUE WHEN
ASSESSING A PRODUCT FOR VALUE FOR MONEY.
![Page 5: Evaluation & the Consumer 5](https://reader036.vdocuments.mx/reader036/viewer/2022082805/54befcca4a7959307d8b45aa/html5/thumbnails/5.jpg)
If price is too high, there may be lack of consumers willing to buy the product
If the price is too low, consumers may think it is too cheap to have much value.
Demand for a product from the public establishes the maximum price
Costs of production determines the minimum price
However, price may be affected by competitors (ex. competitive pricing) or the general perceived value of the product
![Page 6: Evaluation & the Consumer 5](https://reader036.vdocuments.mx/reader036/viewer/2022082805/54befcca4a7959307d8b45aa/html5/thumbnails/6.jpg)
#3. Explain how consumers apply criteria to evaluate a product for value for money, referring to before purchse, purchase, initial use, and long term use.
![Page 7: Evaluation & the Consumer 5](https://reader036.vdocuments.mx/reader036/viewer/2022082805/54befcca4a7959307d8b45aa/html5/thumbnails/7.jpg)
Consumers apply a criteria to evaluate products.Before purchase, they are most likely to judge a
product by: Advertising and Product Image (packaging,
colour etc) Manufacturer’s specification List price Evaluation by experts and consumer groups
When using the product they judge the product on:
Actual performance Safety and ease of use
When using the product in the long run, they judge the product on:
Reliability Ease of maintenance Durability Running costs
Example; Cleaning BrushBefore purchase: •colour, material etcInitial use: •how well the brush cleans objectsLong Term Use:•How sturdy the bristles are•Strength of handle
![Page 8: Evaluation & the Consumer 5](https://reader036.vdocuments.mx/reader036/viewer/2022082805/54befcca4a7959307d8b45aa/html5/thumbnails/8.jpg)
#4. Discuss how the criteria in #3 are assigned different weightings depending on the design context
![Page 9: Evaluation & the Consumer 5](https://reader036.vdocuments.mx/reader036/viewer/2022082805/54befcca4a7959307d8b45aa/html5/thumbnails/9.jpg)
Discuss how the criteria in point 3 are assigned different weightings depending on the design context.
Consumers and designers have slightly different values of a product.Consumers value: Utility Security Availability Rarity AestheticsDesigners Value: Function Reliability Ease of maintenanceValue judgements also depend according to the Individual The time/era
![Page 10: Evaluation & the Consumer 5](https://reader036.vdocuments.mx/reader036/viewer/2022082805/54befcca4a7959307d8b45aa/html5/thumbnails/10.jpg)
Discuss how the criteria in point 3 are assigned different weightings depending on the design context.
Consumers and designers have slightly different values of a product.Consumers value: Utility Security Availability Rarity AestheticsDesigners Value: Function Reliability Ease of maintenanceValue judgements also depend according to the Individual The time/era
![Page 11: Evaluation & the Consumer 5](https://reader036.vdocuments.mx/reader036/viewer/2022082805/54befcca4a7959307d8b45aa/html5/thumbnails/11.jpg)
Value judgement Vary according to each individual
Designers may value Function ease of use stability of productCustomers may value the Utility Security Availability rarity aesthetics
While customers may like to purchase product based on both short-term and long-term values, designers mainly consider its function over its form (unless the product is designed to be looked at; e.g. art) for the benefit of the customer
![Page 12: Evaluation & the Consumer 5](https://reader036.vdocuments.mx/reader036/viewer/2022082805/54befcca4a7959307d8b45aa/html5/thumbnails/12.jpg)
#5. Explain the relevance of quality assurance to consumer associations
for product evaluation
![Page 13: Evaluation & the Consumer 5](https://reader036.vdocuments.mx/reader036/viewer/2022082805/54befcca4a7959307d8b45aa/html5/thumbnails/13.jpg)
Quality assurance Consumers are not required to carry out research and tests
on the products that they buy If a product fails to meet certain standards, consumers have a
means of redressConsumer associations
These are independent organizations; they are the ones who carry out the tests on behalf of the consumers
They set what guidelines a product should meet They make comparisons against the products in a similar
market and evaluate the productsThe two are relevant because quality assurance is
carried out by the consumer associations
![Page 14: Evaluation & the Consumer 5](https://reader036.vdocuments.mx/reader036/viewer/2022082805/54befcca4a7959307d8b45aa/html5/thumbnails/14.jpg)
# 6.The role of consumer associations for product evaluation
![Page 15: Evaluation & the Consumer 5](https://reader036.vdocuments.mx/reader036/viewer/2022082805/54befcca4a7959307d8b45aa/html5/thumbnails/15.jpg)
CARRY OUT EXPERIMENTS ON PRODUCTS TO SEE IF MANUFACTURERS’ CLAIMS ARE
JUSTIFIED.
PROVIDE PUBLISHED DATA FOR CONSUMERS.
COMPARE SIMILAR PRODUCTS WITHIN A TARGET MARKET AND RECOMMEND THE BEST
VALUE-FOR-MONEY PRODUCTS.
![Page 16: Evaluation & the Consumer 5](https://reader036.vdocuments.mx/reader036/viewer/2022082805/54befcca4a7959307d8b45aa/html5/thumbnails/16.jpg)
Consumer associations
planning holidayProvide advice on how to choose products
Greener lifestyle
Receive complaintsConsumer guides
Promote ethnical trades
![Page 17: Evaluation & the Consumer 5](https://reader036.vdocuments.mx/reader036/viewer/2022082805/54befcca4a7959307d8b45aa/html5/thumbnails/17.jpg)
#7.Explain the contribution of the media and education to product
evaluation
![Page 18: Evaluation & the Consumer 5](https://reader036.vdocuments.mx/reader036/viewer/2022082805/54befcca4a7959307d8b45aa/html5/thumbnails/18.jpg)
Consumer and lifestyle programme to product evaluation.
Consumer and lifestyle programmes on television.
Weekend sections of newspapers and consumer journals.
Focused on new products.Curriculum development and design
education in schools.