Target Markets


What are target markets? How would you determine the target markets for your new product or service? What are the advantages of developing specific market targets for a small business? What are target markets? Target markets are specific populations that organizations seek to attract to their product. A specific type of market that they assume … Continue reading Target Markets

Time Value of Money


Why is the time value of money concept important? In what quantitative decisions might the time value of money be used? In business the time value of money is very important because it allows business’s to determine how much an investment will increase in value over a determined amount of time. The way that the … Continue reading Time Value of Money

Pricing products in any Market


What aspects of the product, company, and market determine the appropriate; price of a new product? How would you determine what is most influential in determining the prices; of your new product or service? Provide an example that illustrates your answer. Some of the aspects that determine the price of a new product within the … Continue reading Pricing products in any Market