Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

How macroeconomic factors have impact on launching a new product for business?

user-image
Question added by Waziur Rahman
Date Posted: 2016/04/28
Nitin Choudhary
by Nitin Choudhary , Assistant Manager - Planning & Inventory Management , Green Planet Industries

In launching a new product macroeconomics may have very large affect.

It effects demand of that product/service. The purchasing power may alter or determine the pricing of that product. A new product is usually accepted in a booming economy, if the product is priced higher and the economy is not in the right position.

More Questions Like This