In this form, a consultant is recommending that a public opinion and attitude survey be conducted to determine the proposed consumer acceptance of a new product of a manufacturer as compared to the product now being marketed by manufacturer. Consultant proposes that it be hired to do a public opinion survey to determine the economic feasibility of the revised product.
Puerto Rico Proposed Public Opinion Survey to Determine Economic Feasibility of Revised Product In order to assess the economic feasibility of a revised product in Puerto Rico, a comprehensive public opinion survey has been proposed. This survey aims to gather valuable insights from the general population regarding their perception, demand, and potential economic impact of introducing the revised product into the market. Keywords: Puerto Rico, proposed, public opinion survey, economic feasibility, revised product, general population, perception, demand, economic impact. Types of Puerto Rico Proposed Public Opinion Surveys to Determine Economic Feasibility of Revised Product: 1. Consumer Preferences Survey: This survey focuses on gauging the preferences and opinions of consumers in Puerto Rico regarding the proposed revised product. It looks into factors such as the product's features, pricing, perceived value, and potential demand. By analyzing consumer preferences, businesses can make informed decisions about the viability of introducing the revised product into the market. 2. Market Analysis Survey: This type of survey aims to analyze the market dynamics and economic landscape of Puerto Rico concerning the revised product. It investigates the existing competition, market trends, potential target audience, and market size. By understanding the market conditions, businesses can evaluate the economic feasibility of the product, identify potential challenges, and devise effective strategies for successful implementation. 3. Socio-Economic Impact Survey: This survey explores the potential socio-economic impact of introducing the revised product in Puerto Rico. It focuses on factors such as job creation, income generation, local sourcing, and overall economic growth. By assessing the socio-economic benefits, this survey helps stakeholders understand the long-term economic viability and potential positive effects on the local community. 4. Public Perception Survey: This type of survey measures the perception and attitudes of the public towards the revised product. It examines factors such as brand reputation, product acceptance, trust, and overall appeal. By understanding public perception, businesses can gauge the potential acceptance of the revised product in the market and make necessary adjustments to enhance its viability. 5. Market Demand Survey: This survey investigates the level of demand that exists for the proposed revised product in Puerto Rico. It aims to determine the potential target audience, purchase intent, and willingness to pay. By understanding market demand, businesses can estimate sales projections, revenue potential, and overall economic viability. By conducting various types of public opinion surveys, stakeholders in Puerto Rico can gather comprehensive data to assess the economic feasibility of introducing a revised product into the market. These surveys will provide valuable insights into consumer preferences, market dynamics, socio-economic impact, public perception, and market demand, enabling businesses to make informed decisions regarding product implementation.
