Question: Draft Components of Industry Analysis, Target Market & Competitor Analysis (Mobile app creates personalized nutrition programs for customers based on their diet, health objectives, and
Draft Components of Industry Analysis, Target Market & Competitor Analysis (Mobile app creates personalized nutrition programs for customers based on their diet, health objectives, and lifestyle.)
Industry Analysis should include:
- Size and growth rate
- Sensitivity to economic cycles
- Technology change
- Regulations and certifications
- Supply and distribution channels
Target Market should include:
- Who is your target customer or consumer
- Demographics
- Geographic
- LifeStyle
- Market size
The Competition
- Who are your major competitors?
- What will be your competitive advantage?
- How will you gain market share?
- Future competition (how will you create barriers to entry?)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
