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Cost (Mass produced (Cheaper price per unit, can make a better profit,…
Cost
Mass produced
Cheaper price per unit, can make a better profit
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Hard to order the right amount, too much and wasted stock. Too little, and lost profits
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Self assembled
Don't have to pay people to assemble the product, save money
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Less space needed, can store more and packaging is cheaper.
Cheap options
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Reduce the size of the product, this will reduce the amount of materials and packaging needed
Premium options
My product should be a premium product in order to fit in with the design philosophy of Nest retailers
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Cost to produce
Should be somewhere in the middle, not so cheap that the product quality will be reflected, but no too much that there is barely any profit made
Will cost to prototype, depending on the success rate, it could be low cost, or cost more if more prototypes are needed
Materials
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Will buy the materials from one supplier, this should reduce the cost of the product materials.
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Price
Not confirmed, but somewhere around the £50 - £100 mark