Assessing New Market Risk
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What do you feel is an appropriate method to assess the risks in order to determine if a new market will be a good opportunity? How do you fully research this market that could be unfamiliar to the company?
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Solution Summary
This solution describes an appropriate method to assess the risks in order to determine if a new market will be a good opportunity. It also discusses how to fully research this market that could be unfamiliar to the company.
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To assess the risks of a new market one would want to engage in market research. A market research firm could be hired to do this, although sometimes commercial real estate firms also offer this service when one is looking at property. A in-house team experienced in finding locations and determining the viability of the ...
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