Market analysis

This teacher let us make up a product and write about it. It’s a group project, my part is market analysis base on our fake company. Here is the instruction:

Market Analysis: Describe the new product’s target market and provide as much assurance as possible that you can successfully tap into it and also predict it. Do this analysis using objective, quantitative reasoning. Describe current/future trends, needs, and growth using numbers (#, %, $). Offer these numbers singularly or in series on tables and charts. Do not rely exclusively on emotionally charged verbiage with hyped-up adjectives–e.g., our product has “incredibly mammoth” potential to bring in “amazingly humongous” returns.

Our product is a “robot”. I’ll upload the ppt, which has basic information on

…………………………answer preview………………………….

Currently, most of the toys available in the market maintain a static position with less movement. The only types of ‘motion’ toys include the emulations of different daily life objects like cars, planes and even trains. An introduction of a robotic based toy will therefore be one of its kind in the target market hence will have more chances of scaling and expanding the market coverage……………………………

APA

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