New Market Entry Feasibility research
If you think you are going to expand and find new geographic markets, you have to possess the information regarding the characteristics of this specific market; what are the barriers that you might need to overcome; what are the possible cultural and social characteristics; is there demand for your product?
It is important that your product be competitive on this specific market where you are going to conduct your expansion plan.
New markets may involve a new country, region, city or even district. It can also be a new segment.
The study of new market entry feasibility will answer all the questions above. Before making a final decision, you must ensure that your choice is appropriate and profitable.
Duration of Research: 2-3 months