Current Market Conditions Competitive Analysis
The product that my team has chose to write about is a new IPhone by Apple. This new phone will have a new design and with more features than what the current phones have.
Assignment: Define the market for your chosen product, including an analysis of its competitors, and customers. Our target audience will be teens thru the millenial age group.
Make recommendations on how your organization can maximize their profit-making potential and successfully compete in the new market. Consider the effect your recommendations may have on marginal revenues and costs.