Lord Krshn communication launched the Krshn mobile phone with a Zero Failure Assurance scheme where the phone will be replaced with a new phone for free if it has any issues or is physically damaged for the first 5 years. The company promoter Arjun said they are the first in smartphones to offer this unique replacement guarantee. The insight being applied is reducing consumers' fear of risk by providing a strong warranty to increase sales for a new company entering the smartphone market.
Lord Krshn communication launched the Krshn mobile phone with a Zero Failure Assurance scheme where the phone will be replaced with a new phone for free if it has any issues or is physically damaged for the first 5 years. The company promoter Arjun said they are the first in smartphones to offer this unique replacement guarantee. The insight being applied is reducing consumers' fear of risk by providing a strong warranty to increase sales for a new company entering the smartphone market.
Lord Krshn communication launched the Krshn mobile phone with a Zero Failure Assurance scheme where the phone will be replaced with a new phone for free if it has any issues or is physically damaged for the first 5 years. The company promoter Arjun said they are the first in smartphones to offer this unique replacement guarantee. The insight being applied is reducing consumers' fear of risk by providing a strong warranty to increase sales for a new company entering the smartphone market.
Lord Krshn communication is a new company in Smartphones category. They launched their Krshn mobile phone with a proposition that for the first 5 years the phone is covered under Zero Failure Assurance scheme and hence if the phone runs into any glitch or even if it is physically damaged it will be replaced with a new phone. Arjun, promoter of the company had this to say “We are proud to be the first company to make this unique offer in the Smartphone category”. a. What consumer behaviour insight is being applied in creating this strategy?