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of course yes , to know the prices of the competitors and the weakness points for them to overcome them in my sales to customers.
Yeah because one have to know the competitors and prices and benefits they r giving and how expressively they r promoting there product.Actually You cant promote your product accurately if u dont your position n the market and all these things evaluate your position in the market.
Yes. It is always important to study the product, to know whether there would be enough demand
Ever heard of a novel product or market. In Saudi we all talk of Solar and perhaps.% have no clue what a solar anything looks like. So how do you study that market? The long and short of it is you have faith and hope someone has done studies elsewhere that may be relevant.
Imprescindible.
Know yours competitors, your potential market, the value of that market, the market share that you can have, the geographical distribution that you want to achieve, the present offers, the prices strategy, the distribution channels, the communication strategy (yours and from the competitors), the consumer profile are some of the market studies priorities before you participating on it.
