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    Assignment 3: EEE452 Summer 2019 Name: Safwan Hossain ID: 1610027042

    Uploaded by

    Safwan Hossain Bokaul 1610027642
    This document contains answers to questions about virtual reality (VR) gear for attending classes. In Answer 1, the student explains that customer preferences in Bangladesh do not currently prioritize VR gear and many are not aware of it, especially in rural areas. Answer 2 notes that using VR gear to attend classes remotely would provide a significant improvement over needing to be physically present. However, according to Answer 3, the enabling technologies in Bangladesh are not mature enough. Answer 4 discusses how complementary goods for VR gear are currently not widely available, which could limit its popularity. Finally, Answer 5 recognizes that introducing VR gear would highly threaten existing educational technologies.

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    Assignment 3: EEE452 Summer 2019 Name: Safwan Hossain ID: 1610027042

    Uploaded by

    Safwan Hossain Bokaul 1610027642
    20 views1 page
    This document contains answers to questions about virtual reality (VR) gear for attending classes. In Answer 1, the student explains that customer preferences in Bangladesh do not currently prioritize VR gear and many are not aware of it, especially in rural areas. Answer 2 notes that using VR gear to attend classes remotely would provide a significant improvement over needing to be physically present. However, according to Answer 3, the enabling technologies in Bangladesh are not mature enough. Answer 4 discusses how complementary goods for VR gear are currently not widely available, which could limit its popularity. Finally, Answer 5 recognizes that introducing VR gear would highly threaten existing educational technologies.

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    This document contains answers to questions about virtual reality (VR) gear for attending classes. In Answer 1, the student explains that customer preferences in Bangladesh do not currently prioritize VR gear and many are not aware of it, especially in rural areas. Answer 2 notes that using VR gear to attend classes remotely would provide a significant improvement over needing to be physically present. However, according to Answer 3, the enabling technologies in Bangladesh are not mature enough. Answer 4 discusses how complementary goods for VR gear are currently not widely available, which could limit its popularity. Finally, Answer 5 recognizes that introducing VR gear would highly threaten existing educational technologies.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    20 views1 page

    Assignment 3: EEE452 Summer 2019 Name: Safwan Hossain ID: 1610027042

    Uploaded by

    Safwan Hossain Bokaul 1610027642
    This document contains answers to questions about virtual reality (VR) gear for attending classes. In Answer 1, the student explains that customer preferences in Bangladesh do not currently prioritize VR gear and many are not aware of it, especially in rural areas. Answer 2 notes that using VR gear to attend classes remotely would provide a significant improvement over needing to be physically present. However, according to Answer 3, the enabling technologies in Bangladesh are not mature enough. Answer 4 discusses how complementary goods for VR gear are currently not widely available, which could limit its popularity. Finally, Answer 5 recognizes that introducing VR gear would highly threaten existing educational technologies.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Assignment 3: EEE452 Name: Safwan Hossain ID: 1610027042 Section: 8

    Summer 2019

    Question 1: How certain are customer preferences?

    Answer 1: Customer preferences are expectations, likes, dislikes, motivations that drives
    customer’s purchasing decisions. They complement customer needs in explaining customer
    behavior. In our country till now there is not that much priority for using VR gears to attend the
    classes. Many of us even don’t have any idea about VR gears, mainly in rural areas. But we are
    hoping that soon it will be the one.

    Question 2: How much improvement does the innovation provide over previous solutions?

    Answer 2: Innovation provides a great improvement over previous solutions. If VR gears are
    provided to the students obviously this innovation will become an important or significant
    solution for many of the problems people are facing now. Nowadays students need to be
    present physically in the classes. So, that time anyone will be able to attend or join the classes
    even without being present in the class.

    Question 3: Does the innovation require enabling technologies and are these technologies
    sufficiently mature?

    Answer 3: Any kind of innovation requires enabling technologies. Without technologies any
    innovation will not work or will not spread out. In the basis of our country these technologies are
    not sufficiently mature. That’s why many people are not even known to these innovations. So,
    the main point is innovation requires enabling technologies.

    Question 4: Do complementary goods influence the value of the innovation and are they
    sufficiently available?

    Answer 4: Complementary goods are mainly a pair of goods consumed together. As new
    technologies lowers the price of cultural consumptions. Shifting market equilibrium to higher
    demand and markets for complementary goods will also affect itself. Complementary goods of
    VR gears are actually not sufficiently available now if it will then the popularity of VR may go up.

    Question 5: How high is the threat of competitive entry?

    Answer 5: The threat of competitive entry is really high. If any company or industry or new
    innovations or any new technologies will come to the market it will highly compete with the old
    ones. If VR gears are introduced completely it will be a great threat for the technologies we are
    using now such as projectors, etc.

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