Product design
description
Timer is a product
we need to redesign
1. At scenario A, we changed the outlook of current
product. The price of it didn’t increase.
Current product New product
2.
At the second scenario, we totally changed the direction of innovation. Timer
is not a product but a function of cooking stove. Because of the value added to
stove, we increased the price of it. The price of each stove is much higher
than a timer and even we just increased 3% of the stove price, we can get more
profit than selling a timer.


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