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Essay / Research Paper Abstract
3 pages in length. Compiling the top ten countries according to population size in order to determine which countries would be the most ideal markets for this new product, it is not the least bit surprising to find China in the number one position with thirteen hundred million. Bibliography lists 3 sources.
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File: LM1_TLCMarketProd.rtf
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to find China in the number one position with thirteen hundred million. In fact, Chinas population size has grown so exponentially during the latter part of the twentieth century
that a moratorium was placed upon the number of children any given couple is legally permitted to have. The technological advancement credited to Chinas ever-growing industry, coupled with its
tremendous consumer base, has made this one of the most promising prospects for the new products marketing focus. By considerable contrast, India holds the number two position for highest population
at just under eleven hundred million; however, this is not by virtue of its strong industry or modern existence, but rather due to its Third World status, high mortality rate
and the fact that birth control is not readily available. By the year 2050, the result of the average population growth rates will cause China and India to trade
places on the list with China over fourteen hundred million and India more than sixteen hundred million (Population Reference Bureau, 2004). The United States, considered the third highest populated country
in the world as of 2004 with two hundred ninety-four million people, represents one of the most diverse of all potential markets for this product, inasmuch as many different types
of people call America their home, which means there are myriad directions for consumer behavior to go where new products are concerned. Come 2050, the United States will hold
on to its third place ranking with an average growth rate that brings the new total to four hundred twenty million (Population Reference Bureau, 2004). The following countries represent the
rest of the top ten list of countries with the greatest population size: 4) Indonesia, two hundred nineteen million; 5) Brazil, one hundred seventy-nine million; 6) Pakistan, one hundred fifty-nine
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