Reduce External Costs, Improve Products and People's Lives Assignment

Reduce External Costs, Improve Products and Peoples Lives - Assignment ExampleAircon used to consume huge electricity but was minimize by inverter technology. The technology after part be used in electric ambit to minimize its energy consumption.b. Standardized induction technology induction cookers are now being introduced in the market where electromagnet to heat iron or steel cookware (Severson). It is still however a minute expensive but when demand increases, the product can be produced in scale driving the woo down both in terms of unit salute and energy consumption.c. Prolong product lifecycle merely put, product lifecycle is the lifespan of the product. Product cost can be defrayed when the product cycle is prolonged because its cost is spread over the years of its use.When these three proposals are introduced into an electric stove, the energy consumption will be significantly lowered and the product will also last longer making a lesser ecological footprint. The pr oduct cost may be increase a little but this can be easily defrayed by its lower energy cost.Severson, Kim. Is Induction Cooking Ready to Go Mainstream?.The new-fashioned York Times. The New York Times, 6 Apr. 2010. Web. 2 Oct. 2014.