Urrent Market Conditions Competitive Analysis_365
Imagine you are part of a strategic planning group at a large corporation that is considering developing a new proposed product. The marketing director has asked your team to do a competitive market analysis to determine the productas potential success. The analysis will focus on your primary competitor in the productas market. The product I have in mind is a new energy drink that will be called Cola-Krazy from Coca-Cola. PLEASE ANSWER THE FOLLOWING QUESTIONS:
1-Factors that affect demand, supply?
2-Equilibrium prices in the market in which the competitor organization operates:
3-Define the market for your chosen product, including an analysis of its competitors, potential customers(I was thinking young people), or potential buyers.