will the client in the target market benefit from the product? Will the product be profitable when built and sold at the target price?
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Action Plan Project (Implementation steps, Responsibilities) INSTRUCTIONS:
my Group project wants me to come with ideas to help us for our project... Our project the we have a company , product and we build it and sell it . so I need an ideas to help our project. I will attach .
CONTENT:
Action Plan ProjectStudent:Professor:Course title:Date:Action Plan ProjectIn this group project, the group members have a company and they need to build a product and sell it. The action plan of building and selling a product will entail the following key implementation steps: (i) Idea generation: this is a systematic search for new product opportunities. The ideas of the type of product to be built and analyzed. (ii) Idea screening: the aim is to eliminate ideas which are not sound before resources are devoted to them. Group members will ask themselves: will the client in the target market benefit from the product? Will the product be profitable when built and sold at the target price? What is the growth forecasts and size of the target market? Is it technica...
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