Target Market Approach .docx - Target-Market Approach...

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Target-Market Approach Professor Cotoia Grand Canyon University: AMP 425 July 14, 2019
Developing a new product may seem simple at first, however, after learning about the specific markets and business opportunities is actually more complex than it seems. In order for a new product to be made there has to be certain planning as well as failures. Robert Kennedy once said a quote about failures in order to succeed saying “Only those who dare to fail greatly can ever achieve greatly.” - Robert F. Kennedy. In order to fully understand what he is saying, first there has to be understood that a person must fail in order to achieve. There might be failures to understand the competition and the market in which a product is needed. This paper is going to break down a brand-new product in which will benefit two business markets, explain how the product is going to begin into the markets, as well as why the new product is going to be a success in the market today. Around the world it is known that water source and supply will always be a topic that needs to be addressed. There is plenty of water in the world however, how much of that water is fresh water that is able to drink? A water reserve website says that, One could assume that water shortage shouldn't be much of a concern for humans when considering how much water is in the

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