Once a firm has done an analysis of the most viable markets for its products, then it must next A. determine the competition and develop strategies to overcome it. B. conduct an internal assessment of its capabilities. C. conduct an external analysis of the target market's economy, culture, and regulatory barriers. D. develop a product to meet the needs of those markets. E. achieve success with the product in its home market.

Question

Business

Lilly Guerra

16 May, 06:54

Once a firm has done an analysis of the most viable markets for its products, then it must next A. determine the competition and develop strategies to overcome it. B. conduct an internal assessment of its capabilities. C. conduct an external analysis of the target market's economy, culture, and regulatory barriers. D. develop a product to meet the needs of those markets. E. achieve success with the product in its home market.

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Harper Delacruz · Answer 1

Once a firm has done an analysis of the most viable markets for its products, then it must next develop a product to meet the needs of those markets.

Explanation:

After thorough analysis of market viability which entails feasibility study, competitor, types of market be it monopoly, or otherwise, change in price among other features, developing a product to meet the needs of those markets comes in order to meet the demand of consumers there should be a change or increase in supply, packaging, re-branding, price in order to have stability.