Ques:- The year is 1980, your client has invented a new piece of office equipment called a fax machine. They are debating whether or not to invest in manufacturing and marketing this product. What factors should they consider and should the launch it or not launch it and why?
Asked In :-
Codiant Software Technologies, Solace Infotech, WFM, CakeSoft Technologies, Novalnet e-Solutions, Fission Infotech, Tredence Analytics Solutions, Keyideas Infotech, Sumedha Softech, FourKites,
Right Answer:
They should consider market demand for fax machines, competition, production costs, potential pricing, target audience, and technological trends. If there is a significant demand and they can produce it at a competitive price, they should launch it; otherwise, they should hold off.
They should consider market demand for fax machines, competition, production costs, potential pricing, target audience, and technological trends. If there is a significant demand and they can produce it at a competitive price, they should launch it; otherwise, they should hold off.