I want to learn more about potential market and market need
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I want to learn more about potential market and market need
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Answer:
-Potential markets are the parts of the market you are not yet reaching. Reaching new potential markets is needed to grow your business. These can be new products for existing customers or existing products for new customers.
examples:
Toddler products marketed to parents of older children.
Baby products marketed to grandparents.
Toddler products marketed to grandparents.
Baby and toddler products marketed to childcare providers.
-Market needs are the things that customers require when purchasing a product or service. Every business must find out about their customer's needs in order to be successful.
examples:
Experience. ...
Design. ...
Reliability. ...
Performance
Explanation:
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