Swot Analysis of Elderly Phones Coursework Example | Topics and Well Written Essays - 500 words

Swot Analysis of Elderly Phones - Coursework ExampleThe bon ton will also have a wider market to sell these phones. Many companies in the modern world are keen in devising products that satisfy the demand of the young contemporaries. The company specializing with the manufacture of phones for elderly people will thus extol a large-mouthed untapped market (Hm 2009, p.156).Though the company will have all the supra mentioned competitive advantages, it will also face an enormous barrier in its attempt to advertise it natural product. Most companies now days are using social media to advertise their product. It will be an otiose channel to be used by a company dealing with products demanded by customers of +55 old age and above. This is because the majority of curly users are youths (Lesley & Wing 2003, p. 189). It only a small proportion of the old generation that uses curly.In case the companies unknowingly select bells viewed as unfavorable by the customers, then their produc ts will or so lose all its customers. Old people are price sensitive. In case they feel that the price set for a commodity is high, they will shift to other(a) cheaper commodities (Lesley & Wing, 2003, p. 225).Elderly people are also withal rigid. In case the company happens to make a mistake in its process ofBeing the outset company to identify such a unique market gap, it will create a large market share. This is due to the fact that the company will gain customers impudence before other companies entry. The trust created will give the company a cutting edge in the market (Lesley & Wing 2003, p. 421). This whitethorn scare away other companies willing to enter the market thus giving the initial company room to be the sole supplier of the brand to the market.The company also has a chance to thrive its product to other technology. After capturing it initial target market, the company has a chance to develop other product line to serve