-
+1 - 312-224-1615
Get in touch with us
-
support@helpwithassignment.com
Send us an e-mail
Solution Library
Preparation of Business Plan with Market Survey for a new product
Question
Product/Service Feasibility
Write a concept statement for your product/service idea. Show the concept statement to 5 to 10 people. Select people who will give you informed and candid feedback.
Attached a blank sheet to the concept statement, and ask the people who read the statement to (1) tell you three things they like about your product/service idea, (2) provide three suggestions for making it better, (3) tell you whether they think the product or service idea is feasible (or will be successful), and (4) share any additional comments or suggestions.
Summarize the information you obtain from the concept statement into the following three categories:
• Strengths of the product or service idea things people who evaluated your product or service concept said they ”liked” about the idea
• Suggestions for strengthening the idea suggestions made by people for strengthening or improving the idea
• Overall feasibility of the product or service concept?report the number of people who thing the idea is feasible, the number of people who think it isn't feasible, and any additional comments that were made
• Other comments and suggestions
Buying Intentions Survey
Distribute the concept statement to 15 to 30 prospective customers (do not include any of the people who completed the concept statement test) with the following buying intentions survey attached. Ask each participant to read the concept statement and complete the buying intentions survey. Record the number of people who participated in the survey and the results of the survey here.
Along with the raw data recorded here, report the percentage of the total number of people you surveyed that said they would probably buy or definitely would buy your product or service if offered. This percentage is the most important figure in gauging potential customer interest. One caveat is that people who say that they intend to purchase a product do not always follow through, so the numbers resulting from this activity are almost always optimistic. Still, the numbers provide you with a preliminary indication of how your most likely customers will respond to your potential product or service offering.
How likely would you be to buy the product or service described above?
______ Definitely would buy
______ Probably would buy
______ Might or might not buy
______ Probably would not buy
______ Definitely would not buy
Summary
The question belongs to Marketing and it is a business plan coupled with a survey on the feasibility of a product. A product or a service idea is shared with people and their reactions regarding the product are duly noted and presented along with the business plan in the solution. The new product is “Fashion Finder” a service website where women can find the latest fashion trends and also find what suits them best.
Total Word Count 1036
WHAT OUR STUDENTS SAY
During my second trimester one of my class-mates told me about TheReliableTutor.com. However, back then I thought I do not require any help. But I was proved wrong shortly and contacted them. The nursing assignment tutors are really fantastic and they work tirelessly till you get what you exactly asked for. Really happy with the service I got
William Turner Student
I came to know about TheReliableTutor from my senior from my university as she mentioned that how she got help from the Australia based nursing assignment help experts from here. My experience with them is equally good and I will continue taking help as I plan on getting higher degrees in nursing.
Alistair Taylor Student
We were practically bombarded with assignments pertaining to magnetism and electro-magnetism, when I became desperate and started searching help online. Luckily I landed on this page and since then I always approach them for help. They are professional in their approach and get the job done, no matter what.
Brian Wilson Student
I wanted to do a engineering dissertation on data structure but was confused on how to identify a topic and write a report. The engineering thesis and dissertation advisors here at TheReliableTutor had an online live session with me and after understanding my requirements they came up with three suggested Research Proposal Writing topics
Sam Essex Student
I had no clue about how to write a qualitative research paper on Faulkner and so I approached TheReliableTutor.com. I was also not sure whether they could help me or not but to my surprise they started asking the right kind of questions to me. When I clarified them with my professor, she was impressed and told me that I understood the concept of a research paper. The rest of it was a walk in the park. With my professor’s inputs they provided an excellent research paper and help me get an A
Eric Ross Student
Comments
this is a very good website
I have 50 questions for the same test your page is showing only 28
hi can you please help or guide me to answer my assignments. thanks
hi can anyone help or guide me to my assignments. thanks
This solution is perfect ...thanks
Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes
Perfect bank of solution.
great !
thanks for the quick response. the solution looks good. :)
thnx for the answer. it was perfect. just the way i wanted it.
works fine.