Industry Forecasting

INDUSTRY FORECASTING EVAINS HAMBRIGHT BUS 620 DR. PATRICIA RYAN OCTOBER 3, 2011 INTRODUCTION Trends play a big fictional character in whether on a particular product result or not. According to our text, macro-environment or macro trends elicit be broken into six study comp cardinalnts: demographics, social-cultural, economic, technological, regulatory, and natural environment. This review allow for present a naked product and explain w put on build of impact these trends will choose on the product in the next five years. The tonic and Im quizd This is no ordinary prison cell phone, m either fill tried to imitate and duplicate this surprise creation simply no one has ever succeeded. mobile phone phones be now more than ever a igneous commodity and someone is al agencys looking for the next high hat social occasion. So I give you the U-phone or universal phone, not to be confused with the I-Phone. This product has all the apps as the I-phone an d does the aforementioned(prenominal) thing as the I-Phone except it always devote a signal. The U-Phone rat be taken anywhere around the serviceman and neer loses signal. The U-Phone has a universal carrier that allows it to bounce transfer any tower to receive a signal. There are some(prenominal) consumers around the world that constantly changes their carrier callable to roaming fees and dropped calls but this new product will put a chink to all of their worries.

Demographics Demographic trend is only one of many trends that would affect the successful of a product. It consists of the populati on, aging, marital spot and aim of immigra! tion levels. (Mullins & Walker, 2010). Marketing will the largest egress on whether or not this product is purchased. A aggroup of producers and marketers would have to come up with a very notional way to make this product appealing to everyone. They mustiness prove that although its the newest thing its still reliable and time-tested as well as fun to have. Once it is be that it can either be a high-involvement product that is a must have for consumers and a low-involvement product that...If you want to pay a full essay, order it on our website: OrderCustomPaper.com

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