Question

what opportunities, emerging markets, trends, resources, etc. are in the market now for new business products...

what opportunities, emerging markets, trends, resources, etc. are in the market now for new business products and/or services? Why? Reversely what ideas and/or services are becoming extinct and what market characteristics have contributed to this?

Homework Answers

Answer #1

Answer: There are immense opportunities that are emerging for the new business, products and services in marketplace. The technologies like Information technologies and digital technologies have changed the way in which companies used to do business. The high technology based products and services are now in more demand as compared to the traditional type of products and services. The new trends like online shopping has become prominent and the companies are using them as an opportunity to provide technologically advanced products and services to the customers. It is also seen that the companies are developing innovative ideas for service and product delivery to the customers by using the online channels. The new emerging markets like China in India also offer a good potential for the new products and services. With the rapid growth in the economies in the developing nations the demand for new product and services is on the rise in such nations. The affluence in the developing countries is rising and has helped in creating new global markets.

The old formats like brick and mortar retailers and the products and services that were based on the old technologies are under threat. This is majorly because the old technologies are getting obsolete and new trends and technologies are evolving.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Business owners and industry experts weigh in on what emerging trends they think present the greatest...
Business owners and industry experts weigh in on what emerging trends they think present the greatest opportunities for entrepreneurs. Appraise some of the key business trends that could be adopted by entrepreneurs for business start-up.
What four environmental trends provide the richest sources of new business ideas? List each environmental trend...
What four environmental trends provide the richest sources of new business ideas? List each environmental trend and provide an example of the type of business idea that it might create.
What are some examples of products that were not customized when introduced into a new market...
What are some examples of products that were not customized when introduced into a new market and failed? What were the causes of these failures? What are some of the factors that should be considered when entering a product into markets? Do global strategies always make sense? Why or why not? What legal requirements do organizations face when conducting business globally?
“Feasibility analysis is the process of determining whether a business idea is viable”. What does this...
“Feasibility analysis is the process of determining whether a business idea is viable”. What does this statement mean? What are the main components of a feasibility analysis? Why is industry and market analysis critical to any business feasibility study? The following characteristics of industries have been identified as characteristics of attractive industries from an emtrepreneurial perspetive. Explain why these characteristics are attractive to an entrepreneur seeking to start up a new venture in an industry. Are young rather than old...
The managerial process of creating and maintaining a fit between the organization's resources and evolving market...
The managerial process of creating and maintaining a fit between the organization's resources and evolving market opportunities is best described by the term: Marketing Brand positioning Strategic planning Competitive advantage Chris decides to purchase a new Dell laptop. He finds that he has several options in the Phoenix area to choose from but not all stores that sell laptops sell the Dell brand of laptops. For Chris, this laptop is a: Shopping product Convenience product Component product Specialty product Sometimes,...
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The...
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company’s current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year): Year 1    Year 2    Year 3    Year 4    Year 5         Sales $ 4,605,710 $ 4,916,870 $ 4,953,170 $ 5,492,530 $ 5,650,410     Cash $ 92,828 $ 101,405 $ 103,019 $ 77,626 $ 70,074     Accounts receivable, net...
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The...
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company’s current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year): Year 1    Year 2    Year 3    Year 4    Year 5         Sales $ 4,640,350 $ 4,759,370 $ 5,079,690 $ 5,487,360 $ 5,792,260     Cash $ 86,633 $ 101,830 $ 100,105 $ 81,354 $ 79,060     Accounts receivable, net...
Because New Market Products (NMP) markets consumer staples, it is able to make use of considerable...
Because New Market Products (NMP) markets consumer staples, it is able to make use of considerable debt in its capital structure; specifically, 90 percent of the company’s total assets of $450,000,000 are financed with debt capital. Its cost of debt is 8 percent before taxes, and its cost of equity capital is 12 percent. NMP achieved a pre-tax income of $ 5.1 million in 2006 and had a tax rate of 40 percent. What was NMP’s residual income?
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The...
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company’s current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year): Year 1    Year 2    Year 3    Year 4    Year 5         Sales $ 4,544,470 $ 4,831,880 $ 5,034,840 $ 5,499,960 $ 5,699,730     Cash $ 96,652 $ 93,504 $ 84,735 $ 83,859 $ 69,168     Accounts receivable, net...
CLOSING CASE 9.1 Emerging Markets: Emerging Acquirers from China and India Multinational enterprises (MNEs) from emerging...
CLOSING CASE 9.1 Emerging Markets: Emerging Acquirers from China and India Multinational enterprises (MNEs) from emerging economies, especially China and India, have emerged as a new breed of acquirers around the world. Provoking "oohs" and "ahhs," they have grabbed media headlines and caused controversies. Anecdotes aside, what are the patterns of these new global acquirers? How do they differ? Only recently has rigorous academic research been conducted to allow for systematic compar- ison (Table 9.1). t i Top target Industries...