Okay, this is part of a team project. The new product is going to be from Apple and it will be a tablet just for kids. each answer should be 200-225 words each. NO plagiarism.
Imagine you are part of a strategic planning group at a large corporation that is considering developing a new proposed product. The marketing director has asked your team to do a competitive market analysis to determine the product's potential success. The analysis will focus on your primary competitor in the product's market.
A short history of the organization and a description of their product
Define the market for your chosen product, including an analysis of its competitors, and customers
Make recommendations on how your organization can maximize their profit-making potential and successfully compete in the new market. Consider the effect your recommendations may have on marginal revenues and costs.