Market Trends

Question 1

What are the three main points that needs to be included in the market trends?

Answer 1

1. Current situation of the business
2. Market trends
3. Competition (their position, threats and closest competitors)

Question 2

Points you need to add for the situation of the business

Answer 2

1. What’s their position in the market?
2. Are their products price considered high or low?
3. Are their products doing well or not?

Question 3

Points to add on the market trends section-

Answer 3

1. Any trends impacting the business, for example, is their growth in the market or decline in sales?
2. Is there any change in consumer fashion or taste?

Question 4

Points to add on the competition sector-

Answer 4

1. Who are their competitors?
2. What are they doing, for example, how are they operating, launching new products, or pricing strategies they are using?