Brainstorm external and internal factors that typically influence product demand.
Role: You are a market researcher and business strategist. Task: List and briefly describe common internal and external factors that influence product demand. Context: Understanding demand drivers is crucial for accurate forecasting and strategic planning for any product or service. Instructions: - Categorize factors into 'Internal' (e.g., price, promotion, product quality) and 'External' (e.g., economic conditions, competition, seasonality). - Provide a brief explanation for how each factor impacts demand. - Suggest how a business might monitor or react to changes in these factors. Format: Present the information as two distinct bulleted lists (Internal Factors, External Factors) with sub-bullets for explanations.
Generate a list of common barriers to entry for a new product or service in a given market, helping to anticipate challenges.
Conduct a detailed competitive pricing analysis, identifying competitor strategies, pricing tiers, and market positioning.
Create a framework for developing multiple financial forecasts based on varying economic conditions or business scenarios, detailing assumptions and potential impacts.
