Saturday, April 27, 2019
The Factors Surrounding the Marketing of Magnetically Powered Products Research Paper
The Factors Surrounding the Marketing of Magnetically Powered Products - Research Paper ExampleIt is evidently clear from the discussion that the legal-political environment is very strict because of the regulations advanced by government authorities. There be no competitors at the beginning stage because it is an innovation. The economic environment negatively affects the purchasing force out of consumers if it has high inflation and low employment rates. The intersection appeals to different market segments, which are families, youths and the old people. The youth would go for insolent vehicles that are unique and popular. Families need safe automobiles that are cheap to maintain. The social responsibility issues are environmental sustainability and public safety. It is not ethical to manufacture vehicles that do not guarantee safety to the consumer. Global marketing can be facilitated by the internet. The internet will allow billions of people to receive information to the highest degree the product. Magnetically powered automobiles can be a breakthrough in the world where environmentally warm sources of energy are high demand. A market research analysis is conducted to project the performance of a product when it is introduced to the market. The research analyzes the factors that are likely to affect product performance in the market. The report presents a market research for magnetically powered automobiles. The high demand for hybrid automobiles that use electric power is a clear indicator that the industry is craving for efficient sources of energy. It analyzes different marketing conditions that will deflect consumers to purchase these automobiles. The marketing mix includes all the decisions that are made to facilitate the introduction of a product in the market. It is all about getting the product in the even off place at the right time and with the right price. It also involves the promotion. Magnetically powered automobiles are bound to pe rform well because they are unique. The product meets the customers need for a high-efficiency vehicle that uses environmentally friendly energy.