Question

Market Research Paper will include market research for a business idea ( MOBILE COMPUTER REPAIR SERVICE)(SACRAMENTO, CA). The Market Research Paper should include four sections:

 Brief Introduction

 Description of Industry/Economic Sector

 Evaluation of the Target Market

 Company Overview Requirements of submission:

The Market Research Paper assignment must follow these formatting guidelines: double spacing, 12-point Times New Roman font, one-inch margins, and discipline-appropriate citations. Page length requirement: 2–3 pages.

Answer 1

To start & run a successful business, one must conduct a market research to his business enough profitable. It is essential to know about the needs & wants of the customers. It must collect correct the information about the customers & its competitors too. The demand & needs of the customers can define the success & failure for the business. So to start the research all the information about the environmental factors is important to know, environmental factors like economic factors, social factors, political factors, technological factors etc. The information can be selected from both primary & secondary data.

With the passage of time this industry of repairing mobile & computers is going on boon. As in the era of smart phones & computers, people have started using them more. Today all daily activities are somewhere connected to the smart phones. So more use of it has also increase the demand of the product & for its service too. These expensive products must get serviced with the passage of time. But on the other hand, now the mobile companies are using their best technology to make it more fragile & strong. It can be a threat for the industry but for an overall view it can be a good industry to enter & start the business.

Now the firm need to target its market & customers. Whether the business should be run locally or at a global market, which will be more benefited with the required resource. Whether the firm will only repair the product or will also provide some detachable parts. Whether the business will provide door to door services or not. This are some decision which the company must take before tarting the business. By answering these questions the firm may get their target market & customers which they need to focus in future.

According to a report, a cell breaks in US every 2 seconds. So by focusing on this it can be said that there is the capacity in the market to enter. Now the work to contact different business associations, manufacturers or distributors. It should make some business plans as samples. It should the business trends on both national & international level.