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How macroeconomic factors have impact on launching a new product for business?

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Question added by Waziur Rahman
Date Posted: 2016/04/28
Nitin Choudhary
by Nitin Choudhary , Assistant Manager - Planning & Inventory Management , Green Planet Industries

In launching a new product macroeconomics may have very large affect.

It effects demand of that product/service. The purchasing power may alter or determine the pricing of that product. A new product is usually accepted in a booming economy, if the product is priced higher and the economy is not in the right position.

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