We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>
1) How you will differentiate your product from your competitors?
Product is complex concept that must be carefully defined .A product is anything that that can be offered to a market for attention ,acquisition ,use or consumption and that might satisfy a want or need. It includes physical objects, services, persons, places, organizations and ideas. Customers are ready to pay the cost of given product if that product is of some value .When customers or consumers take a decision to buy a product actually they buy benefits. So these shirts are making in our country it has more valuable shirts for public because these shirts are made with own country material so it is very reliable and satisfied for customers. Product should be different from others competitors products. Product design and styles should be attractive and easy to reachable every costumer. Products include brands, packaging and labeling should be strong.
2) What pricing strategy you will adopt to grab the market share from your
Setting the price is very critical decision .Price is that give you a lot of profits and attract the customers .Price is the amount of money charged for a product or service or the sum of the values that consumers exchange for the benefits of having or using the product or service .Prices were set by negotiation between buyers and sellers. Many companies use current profit maximization as their pricing goal. They estimate what demand and cost will be at different prices and choose the price that will produce the maximum current profit, cash flow, or return on investment. It can set low prices to prevent competition from entering the market or set prices at competitor’s level to stabilize the market. I do use market penetration pricing for this product because when new product is make then we use this strategy.
3) Which channel of distribution you will adopt to deliver your product to
I will choose the cargo service for this product .because this service is very quick, fast and time consuming. And also choose the internets because it is world wide .both services are very useable for foreign customers. Most of the peoples are believe internet is very good services to reaches the products very fast. Very few products that directly sold in the foreign market so internet to erase this problem.
4) What will be your promotion method to attract the foreign customers toward your products?
Now I do choose the promotion method because without it our product is nothing. It is a communication channel between the customers and Producer. Internet is the best way to attract the foreign customers and also local customers. Websites also a good tool promote the product to the foreign customer. mostly companies are used this tool .coupons, buy one get one free, games ,contest and samples to chance the win these tools attract the customers. But in all of these websites is a best tool to promote the product. Because it has low cost and fast running .And it promote the product all over the world .Most advertisement should give on the magazines and on television on popular channel that watched globally.
+ Click Here To Join also Our facebook study Group...How to Join Subject Study Groups & Get Helping Material?..
.+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)
+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)+ Click Here to Search (Looking For something at vustudents.ning.com?)