๐ฏ Task: Convince an investor your low-cost model will succeed ๐กscalable / profit / strategy
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25
๐ฏ Challenge๐: Create a crazy low-cost business idea in 30 seconds! ๐. ๐กidea / cheap / unique ๐ Imagine
Model answer: Imagine a cheap subscription-based service for renting office space by the hour.
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trap
No points!
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shark
Other team loses 20 points!
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rocket
Go to first place!
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banana
Go to last place!
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15
๐ฃ๏ธ Opinion: Why do traditional brands struggle against low-cost competitors? ๐ข. ๐ก compete / structure / costs ๐ The main reason is
Model answer: The main reason is that traditional companies have higher cost structures
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5
๐ฌ Quote: โLow prices always come at a hidden cost.โ ๐ธ
๐ Do you agree or disagree? Why? ๐ Can you think of a real example?
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20
โ๏ธ Dilemma: Invest in sustainability or keep prices low? ๐ฑ๐ฐ. ๐กalthough / sustainable / expensive ๐ Ideally
Model answer: Ideally, we should invest in sustainable practices, although they are more expensive initially.
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5
๐ฌ Quote:, โCustomers donโt care how cheap it is if the experience is bad.โ ๐ค
๐ Do you agree? ๐ What matters more: price or experience?
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20
๐ Scenario: Your company uses a โpay for extrasโ model. Customers complain. What do you do? โ๏ธ. ๐กfeedback / transparent / pricing ๐ To solve this
Model answer: To solve this, we should make pricing more transparent and respond to customer feedback.
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5
๐ฌ Quote: โIf itโs cheap, you are the product.โ ๐ฑ
๐ What does this mean? ๐ Do you agree?
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20
โ๏ธ Dilemma: Your company can reduce costs by cutting customer service. Do you do it? ๐๐.๐กalthough / trade-off / negative ๐ On the one hand
Model answer: On the one hand, itโs a clear trade-off, although it could have a negative impact on customer loyalty.
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seesaw
Swap points!
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star
Double points!
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gift
Win 20 points!
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baam
Lose 15 points!
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15
๐ฃ๏ธOpinion: Is overconsumption driven by low-cost business models? ๐ ๐ก overconsumption / influence / behaviour ๐ It seems that
Model answer: It seems that low-cost models influence consumer behaviour and increase overconsumption.
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15
๐ฃ๏ธ Opinion: Do low-cost companies always mean lower quality, or is that an outdated assumption? ๐ค. ๐กhowever / perception / efficient ๐ In my opinion
Model answer: In my opinion, the perception that low-cost means low quality is outdated; however, many companies are simply more efficient.
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15
๐ฃ๏ธOpinion: Should governments regulate low-cost companies more strictly? ๐๏ธ. ๐กย regulation / protect / consumers ๐I would argue that
Model answer: I would argue that regulation is necessary to protect consumers from unfair practices.
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25
๐ฏ Challenge :Explain โtrade-offโ in 20 seconds + give a business example โฑ๏ธ.๐กbalance / cost / quality ๐ For example
Model answer: A trade-off is a balance between cost and quality; for example, cheaper production may reduce product quality.