b) Describe the criteria for selection of product.
Answers
Answer:
the physical conditions, functional requirements cultural factors tastes level of skill and level of technical development may be different and as suvh would require the changes to be made in the product offered in other market
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Answer:
Selection of product
Explanation:
The reason for this is very simple: the physical conditions, functional requirements, cultural factors, tastes, levels of skill, and levels of technical development may be different and as such would require the changes to be made in the product offered in another market.
Factors involved in selection of product are :
1. Production capacity
2.product availability
product adaptability
demand in the potential market
Demographic and physical environment
market access
Product potential
trading restrictions
incentives facilities
shifting and spending pattern
Availability of rawmaterials
Availability of labour
Demand of product in market
Quality of the product
Capital required
