1. On the strong development of the economy .many companies become more and more popular and
competition is fierce . this means the idea of companies working to get money and customers
before other companies get them.
first you need assess market demand. Assessing market demand is one of the most important
ways that businesses decide what to sell and how to go about selling the products they
produce.
Properly assessing the market demand for a given product is very important. Failure to
accurately project the desirability of a good or service can lead to production levels that are in
excess of the number of units that will actually be sold. As a result, the company is left with a
huge inventory of finished goods that generate no profit at all. In some cases, failing to project
market demand properly is enough to force a company to go out of business.
ake certain that the town or city where you plan to open your business has both an age and
income demographic that will allow people to purchase your goods or services..
second :market research. the original concept is the basic ideas for something . in designing products
and services ,market research -finding out what people want -is of course very important.this may
involve questionnaires or surveys with question about what people buy and why ,perhaps with
interviews in the street or by telephone.
there may be consumer panel and focus groups ,where ordinary people meet to discuss product ideas
informally
Because market demand can change over time, own companis invest resources in constantly checking
the current status of consumer wants and needs . Keeping the interest of current customers by making
improvements to existing products and possibly introducing new products that are also of interest to
those same customers
And perhaps the researchers will make sales forecasts estimates of how many products will be sold.