Question

In the introduction, power point explain the purpose of your project. Give a brief background of your company, who you are, what you do, and the product you plan to introduce. Identify the country/market you are planning to enter. Be precise, but comprehensive. Include in brief a synopsis of how your product meets the needs of this new market, your analysis of the market, and your proposed marketing mix to best enter this new market.

Answer 1

This is just purely an example

Company name : XYZ

My company design security system for homes to avoid any burglary in the house.

My Work : I am one of the project lead who will be supervising and working with a group of people to design and enhance security system for home.

My plan: We want to design an advanced burglary system which will we will help people to keep their house safe.

How my product works: First the person who is the admin should enter a Mobile number of his for registration through OTP. He has to keep his finger print for recognition of himself as the owner of the house. He has to enter 3 different questions which will have 4 digit numbers if his choice. 4 questions with 4 different answers. So whenever the person is Keeping the thumb to open the door he has to unlock using the password which he kept for a particular question. Randomly question gets selected from your choice where you have to enter password.

If we want to enter new members finger print than the admin should create a new profile and their relationship with them. After that the other person will keep his thumb for verification purpose and also 4 questions with 4 different number password.

So like wise by thumb recognition system will pick question of that particular question where he has to answer correctly in two chances.if they were wrong it will give a call to house owner or admin and near by police station.

Market: All over the world.

Reason: People are more afraid that there house may get into burglary problem but if they have this system the chance of getting robbed is very less. Thus it will attract all customers which will make the business model a success.

Price strategy: We will set single price for every one which makes everyone to buy at the same cost without any price discrimination. Everyone will get the product with a reasonable price which will make it a bit in the market.