Choose a product related to agriculture. It could be a piece of equipment or machinery, type of tractor or implement, a tool used for livestock or horticulture. With your chosen product, create a report by researching and answering the questions below. Submit your work in the form of a report.
1. Identify your chosen product.
2. Create a SWOT analysis for your product.
3. What would you say is your product's competitive advantage over similar products available?
4. Refer to Maslow's Hierarchy of Needs Where does your product fall?
5. What is the target market for your product? Is it available globally?
6. What stage would you place your product on the product life cycle?
7. What is an average price in Canadian dollars for your product? What pricing strategy(ies) would you say influence the price of your product?