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Pages:
1 page/β‰ˆ275 words
Sources:
2 Sources
Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:

Market Research: McLeod Building Materials Company

Essay Instructions:

For this assignment you will become the CEO of a new company. You will begin by describing this new company. You will use this company in future assignments. Write up a SHORT presentation or summary of one page or less answering the questions.
For your new company, you will need a description of the product or service.
Identify the market by answering the following questions:
Who could be your potential customers for this product or service?
Who could be your potential competitors for this product or service?
What information would you seek about potential customers and competitors—list questions you would want answered.
How will you find out this information—what kind of market research would you do?
What do you think are the growth possibilities for this company?

Essay Sample Content Preview:

YOUR COMPANY
Student’s Name:
Professor’s Name:
Course Title:
Date:
McLeod Building Materials Company
The building materials sector in the United States is currently on a long-term uptrend owing to the ever-growing need for housing. As a result, McLeod Building Materials Co. is set to benefit from this long-term trend. McLeod customers are basically all building and housing clients and those engaged in the real estate sector. These customers could be drawn from both the public and private sectors especially because both sectors are actively engaged in the real estate sector. One of the best competitors for McLeod is BioMason which specializes in innovative brick-making technologies (Ryan, n.d.). Other competitors in the brick market include: Acme Brick, Belden Brick Company, Firestone Building Products, and GAF Materials Corporation.
In establishing our building materials (mainly new technology housing bricks), there are some questions that could be helpful to us. The information we would need to know would involve both potential customers and competitors. First, what type of building materials are customers interested in now and in the long-term? Secondly, what are current and future competitors missing or g...
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