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Economic Individuals for an Innovative Product

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Revise your business proposal. The second part of your paper will use the revised information to recommend appropriate pricing and nonpricing strategies for your new or existing good or service based on the projected economy's stage in the business cycle and the prevailing projected economic conditions for one or more macroeconomic factors. Explain the evidence that supports these recommendations.

Required Elements:

Describe the current global economic conditions and their effect on local macroeconomic indicators for your good or service.
Describe the local economy's stage in the business cycle.
Describe how current credit market conditions affect your planning or operating decision for your good or service.

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This solution discusses the impact of economic conditions for an innovative product.

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•Describe the current global economic conditions and their effect on local macroeconomic indicators for your good or service.

The current global economic condition is improving and consumers are increasingly becoming optimistic or positive about the revival of the economy. Further, Internet of Things and wearables in the healthcare domain is an extremely exciting market poised for strong growth in the near future. Numerous large companies as well as startups are making huge investments in the IOT (Internet of things) and wearable healthcare market. Venture capitalists are putting increasing amount of money in this space as consumers are willing to adopt such ...

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Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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