Basic Economic Question

Through market research and analysis it has been found come out that in that location are several economic choices that every firm essential face. This is in line with the core objective of the firm which basically entails producing regularise overlap to meet the customers gather up and making scratch for the firm.Research from surveys and focus groups comport indicated that our investment coin bank wishings to develop a product which trounce suits the clients establishing good consumer behaviour and meeting the impacts of government policies.No longer are banks implicated in their own interest of making profits but what is of cardinal concern is whether the customer is satisfied. Our investment bank is not an exceptional one. We need to address the issues of maturation a product that leave behind make the bank outstand despite its rivals in the market. Development of product Economic choices imply that the forces of demand and supply need to be put into consideration w hen choosing a special(a) product for the firm.The central question therefore that I considered in developing this product was the ease at which the customers will learn on the design and the reliability of the product when its introduced into the market. As an investment bank, a unified deposit is one of the products which is perfect in the bank. This is because they allow customers to attain high yields and also be able to take market risks upto a certain(a) degree will be set by the bank.The bank by dint of this product will be able to meet the needs and expectations of the consumers and the management team of the bank too. The product is introduced into the market just like both otherwise products which have been introduced before. The customer is taken into an orientation so that he gets to learn that this product involves saving just like any other saving accounts. They will be informed that this service provides more work beyond the traditional savings such as mutu al funds.Reasons for choosing this product One of the reasons why a organise deposit would be substantial in our investment bank is that it provides cash to the customer ant while he needs it. The customer does not need to wait upto a certain maturity date or pay a penalisation for withdrawal of the money in his account. Another important issue which is fundamental is that through this product the bank can get more profits by soliciting so much money at a peculiar(prenominal) time so that it can invest at a go and get maximum returns.The customer will also benefit in that incase he requires some loan, then he will be granted since the pool from the other investors in this type of fund will have contributed. Another major reason that is important is that a structured deposit is a very good method of investment of ones money. An case-by-case who has an account with a structured fund will find it easier in the future to get his money in a lumpsum amount. This therefore is a good investment solution to an individual. ConclusionFor our bank to achieve the demands of the product there is need for awareness to be created to customers so that they can be in apposition to get the products and benefit from it. Reference California Institute of engine room (2008, February 16). Insights on Economic Choices and challenges facing banks, an article pp. 35-56. Products of investment banks Retrieved on eighth April 2009 from http//www. citibank. ro/romania/corporate. Sample memo for business executives retrieved on 8th April 2009 from http//www. purdue. edu/owl/ resource