Professional Documents
Culture Documents
Topic
Security of our investment on our lives comes in a form of our wallet and
the mass needs a secure wallet in order for us to live without much worry to
our ever improving technology. Many crime related issues had come to use
technology so why dont we use it too for the improvement of our security?
II.
Product Description
The Intelligent and Smart Wallet (ISWallet) is a full security wallet that is
designed for security of your private belongings like credit cards, identification
cards and your money. The wallet features a cellphone like security which it
has a 5 inch screen in which you will input a security code or pattern for it to
open. The wallet charges by itself when you move with it because it is using
kinetic energy. It is suited with a GPS locator incased it is stolen or lost by the
user and will instantly lock if the user confirms it is stolen or lost and will only
open if the user confirmed it that he/she has it again by the use of the
software that is included in the product. The wallet has a shell like casing that
is important for the sturdiness of the wallet and it is also waterproof.
After the testing phase, the product is ready to be packaged and shipped
to retailers everywhere. Customers can avail the product by ordering it on a
known retailer of the company.
To install the security feature of the wallet, the following procedures must
be done:
1) Remove the wallet from the packaging.
2) Open the LED screen by pressing the power button.
3) By first using the wallet, it will open the software where you will input
needed information incase you lost or the product is stolen from you which
the GPS locator will be used for it.
4) Input the security code or pattern (your choice of security)
5) Confirm the security code or pattern and the information you have put that
it is personal to the user.
V.
Packaging
iSWallet comes into an elegant, matte-finished rigid box (A stiff paperboard box in
three dimensional construction, typically fabricated from non-bending chipboard that is
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overwrapped with printed paper or other covering materials and delivered set up and
ready to use). It can be bought at the manufacturers accredited retail outlets.
Every package of iSWallet sold consists of iSWallet, Users Manual and a
Warranty stub. The product is covered in bubble wrap to prevent wreakage from
collisions while in the packaging.
VI. Marketing
The manufacturers of iSWallet intends of simple but effective and budget
friendly marketing strategies that will allow them to promote and sell the product
to the customers. One of the strategies that the manufacturers will utilize to
promote the iSWallet is through social media. The greatest potential of this
innovative technology lies in its application as a safety feature rather than a tool
of convenience and comfort. Currently, iSWallet is being offered to those who has
the financial capability to acquire it. iSWallet will be introduced in the target
market by maintaining a sizable amount of print and traditional advertising
methods most likely brochures. Additional ways to introduce the iSWallet is
through different social media platforms.
VII. Materials
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Waterproof rubber - for the interior casing of the wallet using rubberized rubber. It is
used for the protection of the valuable things inside the wallet.
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Wallet compartments for the interior part of the wallet where all your valuable cards
and money will be put. It is made of synthetic fiber and it could ensure your cards to be
secured anytime inside the wallet.
Kinetic charger for the product to be charged, it use kinetic energy. It is encrypt
inside the wallet for the convenience of charging the product.
ISWallet Security System software that secures the wallet from theft by having a
security feature that is included in the software. It is pre-installed on the wallet and it is
programmed on the 5 inch Gorilla Glass LED touchscreen.
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Shell Casing the exterior part of the ISWallet is surrounded by its shell casing that will
protect the wallet from harm of scanning objects that is used by some criminals and to
further protect the insides of the wallet.
Cost,Variable Cost, and Selling Price. The fixed cost is defined as expenses that do not
change as a function of the activity of a business, within the relevant period. The
variable cost are those costs that vary depending on a company's production volume;
they rise as production increases and fall as production decreases. The selling price
refers to how much you want to sell your product to customers.
Cost
Php 13,000
Software
Php 10,000
Advertising Cost
Php 1,500
Cost
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Php 1,575
Waterproof Fabric
Php 1,000
Wallet Compartment
Php 900
Shell Case
Php 1,800
Kinetic Charger
Php 2,500
Formula: SP = F + VC(Q) / Q
= 24,500 + 7,775(12) / 12
= 24,500 + 93300 / 12
= 117,800 / 12
SP = Php 9816.67
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