Identify trends related to the social, economic, technological, competitive, and regulatory forces
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Identify trends related to the social, economic, technological, competitive,
and regulatory forces that relate to your product or service and explain how
each force represents a threat or an opportunity. - Perform a consumer analysis
for the product or service in your marketing plan. You will use this in your
marketing mix decision. - Estimate size of market using research you have done
by analyzing information you can find in industry and trade publications and
associations. By using the Internet to also research articles written by trade
journals and industry experts and spokesmen. The government census is also a
great resource for such industry statistics to help formulate market estimates
and forecasts: U.S. Census
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