Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Loctite Corporation, a large adhesives producer, makes a wide variety of products for both industrial and consumer markets. One of Loctites industrial products is

The Loctite Corporation, a large adhesives producer, makes a wide variety of products for both industrial and consumer markets. One of Loctites industrial products is Quick Set Instant Adhesive. It is described in their catalog as follows:

A particularly powerful instant adhesive especially suited for equipment maintenance and repair. Typical applications include rubber belts, bumpers and O-rings; metal handles, parts and wires; plastic nameplates, signs and trim.

(a) Give the title of the person in a manufacturing company (that would be a potential Loctite customer) who would be most likely to value Quick Set Instant Adhesive. What buying-center role is that person likely to play in the adhesives purchase process? How might knowing that role affect Loctites efforts to price Quick Set Instant Adhesive so as to capture a large portion of its VTC?

(b) One of Loctites consumer products is Loctite Super Glue Liquid. It is described as follows:

Uses a new formulation that affords super glue users increased working time, eliminating the need to rush and reducing the risk of mistakes when gluing. This allows for repositioning and precision alignment of surfaces, making it ideal for use on items such as porcelain dolls, china, and jewelry.

Who in a consumer household would be most likely to value Loctite Super Glue Liquid? What role is that person likely to play in the adhesives purchase process? How might knowing that role affect Loctites efforts to price Super Glue Liquid so as to capture a large portion of its VTC?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Corporate Finance

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

5th Edition

0135811600, 978-0135811603

Students also viewed these Finance questions

Question

What must a person do to apply?

Answered: 1 week ago