My Assignment Microfridge

Assignment-1

Strategy-Entrepreneurship

MicroFridge: The Concept

Submitted to: Submitted By:

Prof Veeresh Sharma Rakesh Sehrawat (071)

What value does the product create? For whom?

Value the product creates:

For Individuals/students:

Exclusivity: This microfridge is meant for individuals they own this during their study period. It helps them to get free from dependency on college mess. They need not to stick to college timings to care for food. They can have any food at any time of their own choice.

Cost Savings: - As microfridge is cheap and can be used for multiple purposes so they are having cost savings as compared to purchasing separate fridge and oven. Also they can have food own their own without fear of fire.

Time Savings: As students have to move to college mess for food and wait in queue for their turn, all they have to do is put food in oven and utilize the time till food is ready for some other useful purpose.

For Parents

Lesser worry :Parents have no worry about their children when they are away like whether they have had food or not and what quality of food they are having as they knew that they can have packed food and get it warm at any time.

At same time parents are free from thinking their child got hurt/caught using hot plates.

For College Authority