Your client is about to introduce a very high-quality product that will remove an invasive form of pepper plant in the southern United States

Factors to Consider:

1) Focus on customer preferences and their needs:

• Having a good understanding of your customers prior to launching a new product is very important.
• Will customers want to buy the product?
• If so, will the set price be affordable for the customers in the target market?

2) Monitor the Labor Force:

• Are the skills required to produce your new product available in the targeted market?
• What alternatives do you have if you cannot find the required skills within the current labor force?

3) Research the Legal Framework:

• Understanding that every legal entity is bound by certain legal obligations that must be followed in order to carry out business.
• Conduct research to discover any legal constraints which could lead to restricting the business from carrying out operations.

4) Pricing:

• Conduct research and offer competitive pricing.
• Ensure pricing structure lines up with company objectives.
• The geographical area of your sales also must be considered.