Question

Before bringing produce to the market what major factors are to be examined?

Answer 1

1. Culture

The cultural difference can determine whether the business is successful or not. If the product or service doesn't add value or meet the desires of the local markets, there's no need to go sailing! It is vital to have an intimate understanding about who lives in the community and what they value. 

Answer 2

Answer:

Before launching a product in the market, a company must examine certain factors, these are- Customer preference, competition, information accuracy and marketing.

Explanation:

The factors that governs a product launch in the market should be well examined and essential for the purpose. Four factors should be considered before bringing a product in the market.

These factors are-

i) Customer preference:- The target customer should always be considered;

ii) Competition:- To be aware about the strategies and information of the competitor

iii) The product information must be accurate and precise, easy to understand, and

iv) Marketing:- It can be done by two mediums- by social media advertising of the product and by offline marketing. Both of the medium influences the product launch greatly.