You will want to learn about the consumers’ location, needs and resources, and what they can afford. Significant questions should be addressed, for example, Can you compete effectively in price, delivery and quality? Where can the demand be created? Can the product or service be priced to guarantee a profit? Also, discover how many competitors […]
To determine where and how you can successfully sell your product or service (and at what price), you will need to use one of the most critical elements of business planning – market research. This includes interviewing potential suppliers and investigating your competition and consumer base. Market research has many different benefits. It can help […]
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