How large is the total market for your product or service? How did you arrive at this

Question:

How large is the total market for your product or service? How did you arrive at this figure?
Which segment of this market do you intend to target? Why? How large is your segment?
Describe your segmentation method. Why did you choose this method?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Entrepreneurship & Small Business Management

ISBN: 978-0133767186

2nd edition

Authors: Steve Mariotti, Caroline Glackin

See More Books

Question Posted: May 23, 2015 06:46 AM

See More Questions

How does the total market for a new product differ from a companys addressable market? Which market is more relevant for forecasting a companys revenues?
The Matthews have found that the total market for seamless gutters is 1,000 houses. What should they do next?
Assess where you think your product or service is in the product life cycle. Where is it and why did you reach this conclusion?
A coil of wire 0.1 m long and having 15 turns carries a current of 1.0 A. (a) Compute the flux density if the coil is within a vacuum. (b) A bar of an iron-silicon alloy, the B-H behavior for which...
The following figure plots the average farm prices of potatoes in the United States for the years 1989 to 1998 versus the annual per capita consumption. Each point represents the price and quantity...
If the average cost function of a good is AC = 15/Q + 2Q + 9 find an expression for TC. What are the fixed costs in this case? Write down an expression for the marginal cost function.
Should organizations rely solely on recruiting through the Internet? Why or why not?
You recently purchased a large plot of land in the Amazon jungle at an extremely low cost. You are quite pleased with yourself until you arrive there and find that the nearest source of electricity...
Use the exact interest method (365 days) and the ordinary interest method (360 days) to compare the amount (in $) of interest for the loan. (Round your answers to two decimal places.) Principal Rate...
The Robinsons are planning a wedding and reception for their daughter, Rachel. Some of the most expensive items served at the reception and dinner are wine and beer. The Robinsons are planning on 200...
1. What opportunity did Nach Waxman identify when founding Kitchen Arts & Letters? 2. What are the business-definition aspects of KA&L (offer, target market, capability, problem solving)? 3. What is...
Choose five people from your market segment to research with a survey. Write ten questions and ask the survey participants yes-or-no questions on a scale of one to four, or design your own range....
Each team member is to become an expert on one depreciation method to facilitate teammates understanding of that method. Follow these procedures: a. Each team member is to select an area for...
What is Mary's taxable income for 2018 , assuming she has $\$ 6,150$ of earned income and $\$ 800$ of unearned income and is eligible to be claimed as a dependent by her parents?
Identify the assignment technique to be used. Develop a hypothetical research scenario that would necessitate the use of a Solomon N-Group Design. The research will be considered nonexperimental.
Develop the appropriate primary research question to be associated with this design, including the research questions that will address main effects and interactions. Develop a hypothetical research...
In accordance with the assignment technique, discuss the various control techniques that will be used with this specific design. Develop a hypothetical research scenario that would necessitate the...
Discuss the various control techniques that will be used with this specific design. Develop a hypothetical research scenario that would necessitate the use of an A-B-A Design. The research will be...
Which of the following is a partnership for tax purposes? a. Jackson and Wilson purchase and operate a shoe store as a corporation. b. Linda and Bill purchase an automobile and operate a limousine...
The column shown in the figure is fixed at the base and free at the upper end. A compressive load P acts at the top of the column with an eccentricity e from the axis of the column. Beginning with...
What are the benefits of a well-executed performance appraisal process?
Describe the components of an organizational culture that you would find appealing.
Describe three leaders you admire. What characteristics do you most admire about them and why?
QS) Simon and Sandra Soh are no different from many young families who are concerned with their finances. In their fact-finding form, they have emphasised the two most important financial goals to...
Write down everything you have eaten over a 48 hour time period. Follow the chart below. Date: Times: Breakfast Lunch Dinner Snacks Date: Times: Breakfast Lunch Dinner Snacks
Drawing on the knowledge gained in your EVA course, employ relative valuation methods to value any ONE of the given stocks using the data provided in the Assignment Data file. Assume 5% as the...

How large is the total market for your product or service? How did you arrive at this

Question:

Step by Step Answer:

According to the American Disc Jockey Association there are an estimated 60000 DJs employed in the U...View the full answer

Entrepreneurship & Small Business Management

Students also viewed these Management Leadership questions