06 Dec Below is a draft if the group project. I need help filling out the Market Analysis for the following:
Below is a draft if the group project. I need help filling out the Market Analysis for the following:
Our Potential Product
A Portable Lightweight Charger/Starter which can be used for cars, boats, airplanes, medical
equipment as well as laptops, mobile phones and most portable devices. The unit can be
connected to preinstalled USB ports for recharging or its built-in solar platform. It’s ability to be
recharged using 110/220 volts, 24 volts or solar power will be a standard feature. The product
will be called Universal Solar Portable Charger.
Selected Product
This product was chosen because it can be used as a portable multipurpose equipment – in the
automotive, aviation, medical field, and maritime industry. Also, it is a green product capable for
being recharged using solar energy. The product is made with recyclable material and designed
to minimize its environmental impacts during its whole life cycle and even after it is of no use.
Target Market
The company would be setup in Delaware with a registered location in Florida and be called
BMOT Industries. This is due to its proximity to the aviation, medical and marine industries, as
well as expanding automotive dealers. The initial targeted country will be Brazil due to its
massive population and critical mass consisting of two hundred and twelve million persons.
Distribution
The company’s distribution would be worldwide with a concentration in Brazil. Afterwards, we
would target other populous countries in South America with proximity to Florida. Mainly
countries with existing and expanding industries in aviation, marine, medical and the automotive
industry.
Entry Modes
We will determine the best entry mode for our product after carefully evaluating the advantages
and disadvantages. This would require us to determine whether the entry mode for the product
should be exporting, turnkey project, licensing, franchising, joint ventures, or wholly owned
subsidiaries.
We chose exporting as the initial mode of entry into Brazil and other foreign markets. As
business progresses, the mode of entry into overseas markets can be reassessed.
Reasons for Selecting the Mode of Entry
Since we are introducing a new product, the company will be seeking to avoid any substantial
costs, including that of having manufacturing operations in Brazil and the other foreign markets.
Also, the company can possibly achieve significant scale economies by manufacturing the
product in Florida, then exporting it to various countries.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Wridemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.