The Market forHome SecurityCameras Example 2update: In the last Ofew years, majortechnologyVSringcompanies havebought up small home "smart" devicecompanies.Google bought up Nest and Amazon boughtRing. Now Nest and Ring are much easier touse than other home security products sincethey can use Alexa and "Hey Google." in amuch easier way than producers not ownedby a major technology company. Nest andRing now have advertisements duringpopular tv shows and on various socialmedia1. How is this market changing?2. What market structure might it be in the future?3. What effect might this have on producers and consumers?

The growing penetration of smart homes, significantly in developing and developed countries around…

Answered: 1. How is this market changing? 2. What…

1. How is this market changing? 2. What market structure might it be in the future? 3. What effect might this have on producers and consumers?

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Question

The Market for
Home Security
Cameras Example 2
update: In the last O
few years, major
technology
VS
ring
companies have
bought up small home "smart" device
companies.
Google bought up Nest and Amazon bought
Ring. Now Nest and Ring are much easier to
use than other home security products since
they can use Alexa and "Hey Google." in a
much easier way than producers not owned
by a major technology company. Nest and
Ring now have advertisements during
popular tv shows and on various social
media
1. How is this market changing?
2. What market structure might it be in the future?
3. What effect might this have on producers and consumers?

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