Product Development and selling Essay Example | Topics and Well Written Essays - 500 words

Product Development and selling - Essay Example To the individuals, computers can be used for communication, type setting, graphic design, entertainment and performing of a variety of tasks depending on each individual user. These are fundamental activities which can make one be comfortable both at home and in their officers. On the other hand, computers can be used by business organizations in the automation of their services. Thus, they become able to produce organized, neat, accurate, reliable and high quality work. The use of Information Technology (IT) can be a very good idea for any business as it can be the surest way of improving its productivity. However, in order to ensure that my commodity is sold, I will have to properly plan. By putting in place relevant strategies, I will definitely manage to sell my products to my clients and be in a position of making profit. After all, that is the major goal of my business. Besides, I will have to scan the prevailing conditions in the market so as to be privy with all the information about the level of competition in the market. I will need to know about the pricing policies of my competitors. This will be important in helping me to set a reasonable price which will not only be appealing to my clients, but be able to enable me to increase my profitability. Such prices should be decided based on the costs of production and the level of competition in the market. With this in mind, I will still have to ensure that I produce high quality commodities because it will be crucial in determining the success of the business. Many clients prefer commodities with high value regardless of their prices. When this is done, the business will be able to make some profit. It represents a profit margin of 52%. However, because the company needs to maximize its profits, it will have to venture into a sales presentation as it will help it to bridge the gap between it and the potential and existing clients (Roth 219). Besides, additional initiatives such as