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Product Analysis

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Product Market Analysis Introduction to Communication May 26, 2013

Product Market Analysis Deciding which product to purchase once the decision to make the purchase can often be a difficult task. Today’s media outlets offer a high level of advertising and product marketing. Information released from product advertisement is often true and sometimes false, sadly there is definitely a high amount of false advertisement. Knowing which advertisements are what they are claiming to be can be almost impossible. Completing research on the desired product and choosing the company that makes the highest quality product while offering a competitive price is the best way to proceed. The marketing for recumbent bicycles does not use every media outlet that is available for advertising. Most of the advertising for recumbent bicycles is through the Internet and magazines. Another method of advertising used is through the use of celebrities, such as Lance Armstrong. Advertisement through product placement is also used in movies and television. Word of mouth advertising has also been a source for sales in relation to these bicycles. These types of bicycles are used in multiple publicized races and as a result indirect marketing was achieved. (Champion Cycling) Recumbent bicycles are unique, especially when compared to the typical bicycle that consumers have been using for many years. The makers of these bikes chose to advertise mainly through the Internet because they thought consumers were already aware of the product and

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