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Say one person sold tea in England and another sells it in America. the person in England would get richer than the person in America because England people drink more tea than Americans.

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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....


You are a marketing manager of a soap manufacturing company on what bases would you segment your market?

Look at it from another point of view... instead of searching for consumers who would buy your product(s), do a little research, maybe around your family and friends and find out which product you can make that it's wanted (and missing, preferebly) in the market... Basically it is making your way from the outside in, instead of the other way around! Focusing on the consumer instead of focusing on the product. Hope you liked the answer ;)


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.

Related Questions

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 does market researcher do?

A market research firm typically conducts polls, opinion surveys and fieldwork. A market research firm may be employed by another company in order to find out if a product is popular, what could be changed and what products people would like to see on the market that aren't currently available.


What does a market researcher do?

A market research firm typically conducts polls, opinion surveys and fieldwork. A market research firm may be employed by another company in order to find out if a product is popular, what could be changed and what products people would like to see on the market that aren't currently available.


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


What does a market research firm do?

A market research firm typically conducts polls, opinion surveys and fieldwork. A market research firm may be employed by another company in order to find out if a product is popular, what could be changed and what products people would like to see on the market that aren't currently available.


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


Would a porcupine survive if it was token from its habitat?

sometimes it will not survive from another animal because it might bit it