Your marketing plan may need an estimate of the size of the market potential or industry potential

Question:

Your marketing plan may need an estimate of the size of the market potential or industry potential (see Chapter 8) for a particular product market in which you compete. Use these steps:

1. Define the product market precisely, such as ice cream.
2. Visit the NAICS website at www.census.gov/naics.
3. Enter a keyword that describes your product market (e.g., ice cream) for the most recent year.
4. Follow the instructions to find the specific NAICS code for your product market and the economic Census data that detail the dollar sales and provide the estimate of market or industry potential.

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

Step by Step Answer:

Related Book For  book-img-for-question

Marketing

ISBN: 9781264218752

16th Edition

Authors: Roger Kerin, Steven Hartley, William Rudelius

Question Posted: