Question

Neha has just completed her MBA and joined a startup company. The company was planning to launch a new product in the market so the management wanted to understand the different factors that can impact the demand and supply of their products in the market. Help Neha to prepare a report on the factors impacting demand and supply of products in the market

Answer 1

Hello there,

Following are the factors that might effect the demand and supply and must be kept in mind  before launching a product in a new market

• The buying power of the market.
• Similar products in the market and their sales.
• Price competition among similar products.
• Selling points of the market.
• Market analysis
• Buying patterns and behaviours of the people.
• The demand of the people in terms of that particular product.

I hope the answer is helpful.

Thanks

Answer 2

Neha ought to have the learning regarding accessibility of elective items that are available in the market.

It will give the organization a plan to know its rivals and market item likewise, Income dimension of individuals where organization needs to showcase its product, price vacillation of item and furthermore variance of cost in the contender's product,possibility of business publicizing and its value, Government arrangement in regards to the product,size of the market.