Question

What are the other factors available for growth potential?

Answer 1

The question is very unclear. So, I am giving the factors that are needed for the growth potential of a product in Business and also the factors for the Growth Potential of Indian economy.

Potential Growth of a product can be determined by the Product Life Cycle. It involves steps like - 

1. Product Innovation - regarding the product market share, Product Design, and Price.

2. Growth - How competitors place this product against their product, Market share penetration and Consumer Behavior towards the product.

3. Maturity - regarding the Market share Penetration, Product Image, and Attributes, Possible product redesign for market share value.

4. Decline - regarding the Product innovation, attributes, or character change, Product redesign, and Product Branding.

 

Economic growth of a country refers to a long-term expansion in the productive potential of the economy to satisfy the wants of individuals in the society. For the potential growth of the Indian economy, the most important factors that play a major role are - Savings rate, Effective fiscal policy, Monetary policy, overall business climate etc. The economic growth of a country can be measured by comparing the level of Gross National Product (GNP) of a year with the GNP of the previous year. 

Answer 2

Potential Growth can be determined by Product Life Cycle in:

Product Innovation

- What is the product market share- Product Design- Price

Growth 
- How competitors place your product against their product- Market share penetration- Consumer Behavior towards the product

Maturity
-Market share Penetration-Product Image and Attributes-Possible product redesign for market share value

Decline
-Product innovation, attributes, or character change-Product redesign -Product branding