Your marketing plan may need an estimate of the size of the market potential or industry potential (see Chapter 9) for a particular product-market in which you compete.
Use these steps:
- Define the product-market precisely, such as ice cream.
- Visit the NAICS website at www.census.gov.
- Click "NAICS" and enter a keyword that describes your product-market (e.g., ice cream).
- Follow the instructions to the specific NAICS code and economic census data that details the dollar sales and provides the estimate of market or industry potential.
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