After learning about entrepreneurial process and marketing plan, try to create an acceptable business plan on a separate sheet of paper. Consider the target market, human resource, and product that you assume to market and other factors in marketing plan. Please see attached files for the sample business plan. The pictures below will serve as your guide in creating your own business plan.
Q: Provide some examples or scenarios that you have gone through that contributed to the success or cha...
A: Employees are the most important asset of the company. They are people and provides their expertise ...
Q: Using 4Ps in the marketing mix, how are you going to promote alcohol as your product?
A: Our company's name is X ALcohol. It is based in Sweden. The company meticulously handles all marketi...
Q: How do Amazon.com's logistics and supply chain management activities help the company create value f...
A: The company have many operations going inside it to deliver value to consumers. Those can be manufac...
Q: Write User experience goals and Usability goals and Assessability goals for distribution manager at ...
A: Before we enlist all the possible goals for a distribution manager at a technology company, let us f...
Q: Explain how information technology plays a role in the effective distribution and transportation of ...
A: Data innovation (IT) is the utilization of any PCs, stockpiling, organizing and other actual gadgets...
Q: Compare and contrast a trade discount and a quantitydiscount
A: A wholesaler or retailer receives a trade discount when they purchase a product or a collection of p...
Q: Why should a marketer be aware of competitors’ prices?
A: Marketing is initiated for making the business look desirable with reputated image to be able to inf...
Q: If a firm wished to encourage repeat purchases by a buyer throughout a year. would a cumulative or a...
A: Discount is said as reduction in list price of the offered products or services. It is given in the ...
Q: How should a sales manager establish criteria forselecting sales personnel? What do you think are th...
A: Sales personnel are the people who go in the field and talk with customers to create a purchase. Thi...
Q: provide a vision and mission for your small business.
A: Mission is the the objective statement that any company wants to fulfill. Vision is the image that c...
Q: Why do most demand curves demonstrate an inverserelationship between price and quantity?
A: A related good is a good which can be used together to get the maximum value of both products. The b...
Q: For what types of products would price skimming bemost appropriate? For what types of products would...
A: Price is said as the worth of the product that depends on demand and supply of the product. The mana...
Q: What systems did Amazon develop to improve the flow of products from suppliers to Amazon fulfillment...
A: Suppliers to Distribution Centers: Amazon has aided in the development and implementation of technol...
Q: Refer to Figure 16-8 and review the position of Payless ShoeSource on the retail positioning matrix....
A: Positioning strategies for retailers means the strategies that are taken to create an image in the m...
Q: Which pricing practices are covered by the Sherman Act?
A: Sherman crafted the law to prevent power from being concentrated in the hands of a few major corpora...
Q: What is the difference between a need and a want? How do marketers create wants? Provide examples.
A: Needs and wants are two different terms and there is difference between these two terms. Needs are t...
Q: Develop a chart to highlight the role of each of the four main elements of the retailing mix across ...
A: Ans. Introduction Wheel of retailing can be said to a theory which shows the life cycle of the re...
Q: How do legal and regulatory forces influence pricingdecisions?
A: Government and industry restrictions can have a variety of effects on the sales price of numerous pr...
Q: Why is it necessary to define advertising objectives?
A: Marketing helps the company to create customers and retain them for long. Advertising helps for comp...
Q: What are the three questions marketing executives consider when choosing a marketing channel and int...
A: Marketing distribution channels Involves individuals and firms involved in the process of making a p...
Q: A huges hopping strip mall with multiple a nchor stores is a(n) ___ center.
A: Reatiler gives the customers an easy access and approachable platform for purchasing goods. Reatiler...
Q: What factors caused American business to develop intoa mixed economic system rather than some other ...
A: In the commercial sector, a mixed economy or society is one that benefits from both capitalism and g...
Q: How does personalselling differ from other types of promotionalactivities?
A: Personal selling, often known as face-to-face selling, occurs when a salesperson tries to persuade a...
Q: Do private schools offer a better teaching environment for the disadvantaged?
A: Smaller class sizes, more individual attention, and a better understanding of how each student wants...
Q: What are some products that make their appeals primarily to the id? To the superego? To the ego? Ho...
A: Disclaimer: Since you have asked multiple question, we will solve the first question for you. If you...
Q: Explain the structure, components and applications of Queuing System
A: Queueing systems are basic mathematical models that can be used to explain traffic congestion. A que...
Q: whether or not the quality of the service in restaurants creates a positive relationship and increas...
A: The quality of service in the restaurant helps in creating a positive relationship with the customer...
Q: What is communication strategy? Expand your answer by using the kinds of communication. Verbal, Nonv...
A: A communication strategy is a program of communication with the target audience. It includes who you...
Q: Sir, please solve this problems asap.No need any kind of large explanation.Only providing the ans wi...
A: Services marketing is essentially characterized as a peculiarity wherein an assistance or a theoreti...
Q: Using online journals or printed journals inthe library, locate a research project involvinga panel ...
A: Before publishing reports on any studies on current, past, or future topics, an individual or a grou...
Q: Among the new forms of behavior that will not affect pharmaceutical firms are: -Individuals are sta...
A: For businesses to become successful it has to be customer oriented. Understanding the needs of custo...
Q: five concepts of a market in the dentistry field. Describe briefly.
A: The five concepts of market in the dentistry field are discussed as follows-
Q: Describe the legal constraints on pricing.
A: Pricing: Pricing is the technique of determining the value a producer will receive in the exchange o...
Q: Explain the importance of retailing?
A: Concept Introduction : Retailing involves the activities in the selling of goods to ultimate consume...
Q: Are price leaders a realistic approach to pricing?Explain your answer.
A: When a leading firm in a given industry wields enough influence in the sector to effectively determi...
Q: Give 5 examples of thesis statement about pros and con of online shopping
A: Ans. Introduction Online shopping is that process in which the goods and services are bought from ...
Q: What is communication for work purposes? Explain it by using the 3 consider communication workplace ...
A: Workplace communication is the transmitting of information between one person or group and another p...
Q: Create a marketing plan on a new hair product. (4). Conclusion.
A: The marketing plan is the strategy regarding the marketing of the new product and how advertising, p...
Q: The reason that MICRO-marketing costs too much in many firms is that: the marketing concept has not ...
A: Micro marketing is a marketing strategy in which a company targets a specific set of audience within...
Q: Write TRUE if the statement is correct, FALSE if incorrect. 7. Our money fluctuates depending on t...
A: Ans. Economic status of a country indicates the strengths and weakness of the economy.
Q: Wllat are the three basic functions performed by intermediaries?
A: Intermediaries are the person or individual or firm which assists the flow of goods and services fro...
Q: Define income statement?
A: The income statement is one of three key financial statements used to report a company's financial p...
Q: As an entrepreneur, you’ll face lots of tough and sometimes ethical decisions. In the situation desc...
A: The entrepreneurs is the name given to the business person who have the motive to solve the problems...
Q: _1. Intermediaries that carry a variety of competition brands and product types.
A: "As per our guidelines we can only answer 1 question.please post other question separately".
Q: The following is not an effective tool in government's intervention in international trade: Tariff Q...
A: International Trade: International trade is the trade of goods and services between countries. Tradi...
Q: How does a sales manager, who cannot be with eachsalesperson in the field on a daily basis, control ...
A: Sales Manager is the personwho manages and coordinates all activities related to sales in a business...
Q: Define public relations.
A: Promotions are used to create client awareness. It includes a whole arrangement of exercises that co...
Q: Why does Pinterest consider Google to be its main rival? When it comes to new features and products,...
A: Pinterest view's Google as its essential rival on the grounds that a great many people use Google to...
Q: What does the term technology mean to you? Do you believe the benefits of technology outweigh its co...
A: The technology is the greatest invention of all times and there are various benefits of technology a...
Q: Describe the four sales channels.
A: Sales Channel is the medium through which a company decides to make sales. Depending upon the kind o...
Step by step
Solved in 2 steps
- with the aid of practical examples from an identified start up, identify and explain 4 major differrences between a business model and a business plan.Suppose,You are an entrepreneur and need to prepare a business plan to present in the investor's meeting.Write down to executive summary, objectives,mission ,vision and keys to success of your business plan.Name a specific benefit to writing a business plan when creating a new business? Explain your answer.
- What elements are included in the "Business Idea" section of a written business plan?List and describe the two options a business owner can choose when writing a business plan.Create an introduction to your business plan. It must contain a business model and business concept. (My business is all about the trendy clothes)
- Identify and illustrate four main differences between a business model and a business plan using examples from a real-life startup.Aside from business plan and financial aspect of the business, give one more thing thatneeds to prepare for starting a business. Explain your answer.Describe how you will prepare your business plan for a new business venture such as a stationary store. Be sure to include the components of a good business plan.
- What is a business model? Why is it important for a firm or Company to have a business model? Provide and discuss an example of a specific company's business model to illustrate your answer.Identify a particular type of business you may wish to start. You are required to:1. Develop a written mission statement for that business2. Construct a set of goals for the business3. From the set of goals developed in (2) above, formulate specific verifiable objectives4. Devise a statement of social responsibility (CSR) for the business5. Discuss two strategies that you intend to adopt to grow the businessIn a Word document, write your answer to the following prompts: Describe the process that you participated in to identify new business ideas and a true business opportunity. What did you personally learn that you will use in doing similar work professionally?