Patents
Previous products
Potential market
The market for a new toaster oven is fairly high, according to CBS news relatively 56% of Americans households have a toaster oven. The price of your common household toaster ovens range from about $20-$200. The average life expectancy of a toaster oven is about 5 years depending on factors such as how often it is used, the manufacturing quality, and maintenance. This closely resembles our results from our survey.
Individual Summary
I used mainly the provided sources in order to find my information which included The U.S patent office as well as The U.S. Census Bureau. Prior solutions have been minorly successful with the market because, most were ether external tools or a complete solution to expensive for the commercial market. This shows we have a possibility of creating a viable solution.