MANAGEMENT

Detailed explanation-1: -In short, market potential analysis (definition) is a strategic tool that helps you understand the feasibility of your idea and the level of demand in the market. The research is done through a series of separate analyses. You can consider each subsection as a different perspective or angle.

Detailed explanation-2: -A customer analysis (or customer profile) is a critical section of a company’s business plan or marketing plan. It identifies target customers, ascertains the needs of these customers, and then specifies how the product satisfies these needs.

Detailed explanation-3: -Customer profile analysis is the process of using data from your CRM and other resources to make better business decisions. In many instances, a customer profile analysis is a required part of a business plan for those seeking investors and funding.