DESIGN AND DEVELOPMENT OF GOODS AND SERVICES
Product design and development has become a key component in enhancing and improving on sales revenue. The purpose of product design is to produce a service or product of high value with an acceptable cost that will be eye-catching to consumers. Apple Inc. has achieved these great phenomena with its Electronic products. High sales of the companies iPhone is a clear indication of the great worth consumers attach to the company’s products.
Apple Inc. products are superior in terms of quality, stability, flexibility and the many features it comes along with that sets it high above its competitors. For instance, the IPhone 5S released in the market in the year 2012 set a remarkable record by making five million trades within twenty-four hours. The product has integrated state-of-the-art technology, a power regulation system and advanced intelligent features that enable the phone to be self-regulatory. These features and many more have enabled the company’s products rise above other products in the global market. The company has endeavored to produce products of high superiority and life changing. The company’s products and services such as online services have always had a high rating in the consumer market.
The many complaints and lawsuits against Bank of America have always painted the Bank in bad light. With its poor response to customer’s grievances and illogical investments the Bank have forever performed dismally in the financial sector. Its rating as the worst company by Forbes comes as no surprise. Accusations of exorbitant interest rates, unclear fee deductions and many negative practices have robbed off the bank credibility in the financial sector. Due to the complexities that involve banking and customers ignorance of banking procedures and antiquates, the bank many at times takes advantage of this to practice unethical acts that demean its moral standing. This has continued to erode the quality of the Bank’s service provision.
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