Discuss the industry potential for particular product market

Assignment Help Marketing Management

Reference no: EM131861501

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

3 Click "NAICS" and enter a keyword that describes your product market (e.g., ice cream).

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.

Reference no: EM131861501

Questions Cloud

How to improve the marketing effort behind new system : A firm that is marketing multimillion-dollar wastewater treatment systems to cities has been unable to sell a new type of system.

Are patents helpful in the process of developing : Mayo Clinic has filed an application for a broad method patent that gives it control over a new generation of treatments for chronic sinus inflammation.

Impact purchasing and paying habits of customers : The terms of sales and potential discounts or penalties can impact purchasing and paying habits of customers. How might this be so?

Write matlab program that prompts user for load impedance : Write a Matlab program that prompts the user for the following: Generator parameters, line characteristic impedance, line length, and load impedance

Discuss the industry potential for particular product market : Your marketing plan may need an estimate of the size of the market potential or industry potential for a particular product market in which you compete.

Bottom-up as approach to security valuation and selection : What is the difference between top-down and bottom-up as an approach to security valuation and selection?

Define the master budget and its guidelines to use : What are the benefits to creating a master budget? What are the risks in not creating a master budget?

Save annual payments towards your retirement account : Assume you are going to work for the next 38 years and save annual payments of $3,000 towards your retirement account.

Make sense to abandon the project : If expected sales are revised based on the first year’s performance, below what level of expected sales would it make sense to abandon the project?

User Account

All Pages