Cereal+Project+-+Step+3

//Use Google Docs for all responses.//

** LOOKING DEEPER AT YOUR TARGET MARKET ** 1. Who is most likely to want or need your products/services? 2. How large is the market area you intend to serve? (Geographic and population) 3.Where will your transactions take place? 4. What motivates customers to use products/services like yours? What motivates customers to purchase products/services like yours? 5. Where can you reach concentrations of your target market? 6. Is there sufficient demand for your product/service within your target market to make your cereal product profitable? How many transactions do you expect within a month; 6 months; year?

** WHO IS YOUR COMPETITION? **
 * Start looking at boxes of those cereals similar to yours.
 * What is the design?
 * What colors are used.
 * What information is included on the box?
 * What is the size of the box as in ounces?

Start a rough design of your box. At the end of class, show Mrs. Grams what you have planned so far with the design.