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As a company executive, you observed that, certain product consuming in markets rapidly, then what are your next activities?

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Question added by Fazlul Hoque , Assistant Director , DoF,GoB
Date Posted: 2013/09/28
Fazlul Hoque
by Fazlul Hoque , Assistant Director , DoF,GoB

There are so many factors to cause success in the market, but the main four factors can be best described as follows:

a) Monopoly market I,e single competitors of the marketed products

b) Price of the product is within the capacity of major consumers

c) Government Laws and regulations relaxed for the products

d) Demographic environment is suitable of the market place

 

The action may be taken as on5 ways as follows

 

1)   To find out the actual causes of market quick selling of the products

2)   Quickly informing the producers level to produce more such products

3)   Arranging standard quality product with real price in that market

4)   Arranging sufficient products at the needed market areas

5)   Regular follow- up to know the consumers reactions and take next action.

 

 

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