Texting is killing our language
Isaiah Lynch
Entrepreneurship
11/14/2013
Business Environment
If I would bring my product into the US market, it would be very successful. The market value of my product will be very good. Social status of my product will be very positive; people will be very active in buying my product because it would be popular among people. My product will also help people save money, instead of spending it on batteries and replacement controllers.
Features and Benefits
My product should be manufactured because consumers need a remote like my product. My controller is not like any other. It has a self-charging battery, and you do not have to change out any batteries. Some of the benefits of my product are that you no longer have to keep buying batteries, and you don’t have to buy any new controllers because of shortages in the wire. Consumers will be positively impacted, because they will save a lot of money.
Financial Overview
The selling price for my product will be $25. I am selling it at that price because it is in between both of my competitors prices. If I increased my price, I think my product would still sell very well. Also if I decreased my price, my sells would increase; although my profit would not be as much.
Conclusion
My product will have success in the US economy market. I think sales will be very good, and will increase over time. Also, performance in the market place is expected to be positive and satisfying. Future plans for my product is to make different controllers that don’t need batteries and also to sell my product all over the country.
Entrepreneurship
11/14/2013
Business Environment
If I would bring my product into the US market, it would be very successful. The market value of my product will be very good. Social status of my product will be very positive; people will be very active in buying my product because it would be popular among people. My product will also help people save money, instead of spending it on batteries and replacement controllers.
Features and Benefits
My product should be manufactured because consumers need a remote like my product. My controller is not like any other. It has a self-charging battery, and you do not have to change out any batteries. Some of the benefits of my product are that you no longer have to keep buying batteries, and you don’t have to buy any new controllers because of shortages in the wire. Consumers will be positively impacted, because they will save a lot of money.
Financial Overview
The selling price for my product will be $25. I am selling it at that price because it is in between both of my competitors prices. If I increased my price, I think my product would still sell very well. Also if I decreased my price, my sells would increase; although my profit would not be as much.
Conclusion
My product will have success in the US economy market. I think sales will be very good, and will increase over time. Also, performance in the market place is expected to be positive and satisfying. Future plans for my product is to make different controllers that don’t need batteries and also to sell my product all over the country.