ENES 140 Study Guide - Quiz Guide: Capital Intensity
25 May 2016
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The knowledge that i currently possess that contributes to serving a market need is involved in the management of resources as well as advertising and design. The information that i can contribute is not in technology but in other aspects of developing a business. I do have extensive knowledge on customer needs and seeing how the public responds to certain actions taken. This affects the image of a company and also allows the company to collect information on what the public would like. Therefore, the collection of data assists in the road to serving a market effectively. The size of the market, the rate of growth and the consistency of that market are all relevant factors when figuring out what market to enter. The conditions i am most likely to enter would be a smaller market because then i would better be able to cater the product to the population"s needs.
