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How would you analyze a new product market and Cisco's potential financial return?
to analyze new product market is to test first the new product before you discuss to the costumer so that if they encounter problem you can teach them easily....
Why company sale promotional products?
Making your product popular in the market needs a promotional product that would remind customers of your brand.
Why does market research reduce the risk of a new product launch?
Performing market research does not guarantee success, but just because someone thinks a new product is a great idea does not mean everyone will think so. Market research will show if there is a need for such a product and how likely prospective customers would accept it and purchase it.
What is the Examples for market penetration strategy?
Market penetration strategy is percentage of sales volume for a particular product. An example of this strategy would be to increase the sales of a particular product such as a hot piece of technology like the iPhone.
What are the steps the managers of a global company will need to take in an order to decide whether a foreign market is a viable market in which to introduce a new product?
I would say he/she first needs to do market research to see if it would even be profitable to introduce said product into that market. Second I would say he/she needs to look at all the expenses associated with selling the product in that foreign market. These costs can often differ greatly from costs associated with selling the product domestically. For example if you are an American company wanting to sell your product in the EU, you would have to realize that transportation costs would be significantly higher because of the higher cost of fuel in Europe. Also you would have to look at export/import tariffs and quotas. Thirdly you would have to look at the political environment of the foreign country as politically unstable countries have an increased risk of hostile takeovers (having your business taken over by the government without any consolation.) If the benefits outweigh the costs associated with introducing said product into this foreign market and it is expected to stay that way then I would say go for it.
How would you introduce a product?
First you have to advertise about the product in the market what you have, then you can release it in the market
Why would someone contact a marketing expert?
Someone would contract a marketing expert if they wanted to better market a product. The better that a person can market their product, the more likely they are to sell their product better.
What type of market would most likely cause consumers to pay more for a product?
bull market
Who are theoretical consumers?
theorical consumers are the people that would eventually consume a certain product. It is used in market researches to define whether a product can be launched into market sucessfully or not.
What is SWOT analysis and how does it help in launching a technology based product?
This is only a brief answer but a swot analysis is looking at the strengths, weaknesses, opportunities and threats of a market or country. Therefore it would help launch a product because by looking at these aspects of the market it could identify whether the market is over saturated or if it would be successful to launch a product in your chosen market etc
Examples of Industrial market?
Many businesses are considered to be in the industrial services sector, such as vacuuming, hydro jetting, blasting and boiler cleaning firms. Other examples of industrial services include chemical cleaning, welding and pipe beveling.
What would decrease the quanity of a product sold in a competive market?
The price, the quality
What is market situation analysis?
A market situation analysis is used to analyse the current market or industry in which you would like to launch a new product. It identifies major competitors within that market, therefore allowing you to plan the launch of your new product accordinly.
Why you write a business plan?
to show people who would like to invest in your product the price of your product, the market (who would buy it), and weather or not you have thought ahead
How would you analyze a new product market and Cisco's potential financial return?
to analyze new product market is to test first the new product before you discuss to the costumer so that if they encounter problem you can teach them easily....
What things would you consider when deciding where to locate a business such as Gold s Gym?
if i would choose the the things and decide where to locate a place (location's) for a better business firts, and foremost i have to make a feasibility study of the place and to find out the advantages and disadvantages. Bear in mind also, the things of footfall of the people's population, establishment arising, the demand in everyday needs in the market, and the product that you intend to put in and out in the market place.
Do you need to have your own product to advertise with Google?
No. You can sell other products in the market. Find a product that you would think people will buy.
