Create a business plan for a hypothetical business Please include: Description of a business The business advantage 3 business goals A SWOT analysis And 2 risks to your business Please use a mobile accessories business as an example
Q: Online taxi service is a very successful business these days. You are going to launch a similar type…
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A: Marketing is an activity which the firm takes up to make customers. For this marketing strategies…
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A: Every firm works in order to grow. For growth, the company chooses many strategies by which they can…
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A: In some of the business, there can be failures and the reasons of such failures could be weak…
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A: In the given scenario where we are provided with the option to either start our own new product or…
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A: Risk in business can be defined as a situation occurrence of which can negatively impact the…
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A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Which of the following statements is true about strategic goals? Group of answer choices They are…
A: In general terms, goals are the position which the organization intends to achieve within a…
Q: Define and explain, key success factors: Which are in the origin or as consequence of others
A: Key success factors: Key success factors are the necessary elements needed for an organization to…
Q: Sri panwa is of a Hotel in Thailand,How does this pandemic affected the hotel business?after that…
A: The pandemic has faced an immense challenge for the hospitality industry i.e. in this case the hotel…
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A: Decision making is the procedure of making the selection through identifying decision, collecting…
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A: Customer relationship management is the process of creating and maintaining a relationship with the…
Q: A strategy is a fundamental pattern of present and planned objectives , resource deployments and…
A: Strategy is a common plan to achieve long-term under conditions of uncertainty. Strategy is vital…
Q: What risks does your business face? What is your risk management plan of those risks? Be specific…
A: When a firm has a high level of business risk, it may be unable to offer appropriate returns to…
Q: Which of the following hypothetical strategies would you recommend a firm employ? Group of answer…
A: Strategy is the set of resources through an unexplored performance of activities to achieve a goal.…
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A: Porter called the strategies "Cost Leadership" (no frills), "Differentiation" (creating uniquely…
Q: Explain the important benefits of Strategic Marketing Management. (Make 5 sentences only for every…
A: Ans. Introduction Because of the continuously changing markets and to survive in the competitive…
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A: A company is a legal organization established by a group of people to engage in a commercial or…
Q: Which among the following is one of the advantages of the McKinsey 7S model 1 It is considered a…
A: McKinsey's 7S model is an apparatus that investigates a company's hierarchical plan by seeing 7…
Q: Conduct a viability study on a still water business opportunity you foresee or have heard about
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A: Rational decision-making refers to the ability of individuals to collect factual information on…
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A: Once the company is into the business, there are different stages like introduction, growth,…
Q: Describe any products, brands, or companies that you deal with that are best described in terms of…
A: answer Brand loyalty is one of the key elements to success for the business organization. There is…
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A: Marketing is an activity which the firm takes up to make customers. For this marketing strategies…
Q: 3. Definition of the Business Explanation of the business concept, the current offering and the…
A: A business is defined as an organization engaged in commercial, industrial, or professional…
Q: Good planning forces entrepreneurs to anticipate several things for his business. What are they?
A: Good planning definitely forces entrepreneurs to anticipate several things for business. The…
Q: leading attributes an entrepeneur must have in order to guarantee success in business in 2021?
A: The main aim of an entrepreneur is in starting the business and expanding the business later on in…
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A: Let's take the two business variables as Cost & Efficiency. Cost: Cost is the monetary value…
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A: Marketing mix refers to the mix created using the four Ps of marketing which are Product, Price,…
Q: General Electric (GE) is a large conglomerate into multiple businesses like electrical appliances,…
A: Prospector Strategy : The prospector strategy deals with the process where the businesses focus more…
Q: Please rate each of the four quadrants according with are lowest, medium and highest risk.
A: The given matrix is called the Growth Strategy Matrix or Product/Market Expansion Grid. It is used…
Q: In carrying out operations and finances in a business, entrepreneurs usually review again decide on…
A: Business Harvesting is defined as a process of selling a business as a whole or an individualasset…
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A: Jexzy korey- krzeczowski is modern theorist and writer, he explained about a model of strategic…
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A: Marketing is a vast topic including various areas like market research, segmentation, positioning,…
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A: The process of assessing and selecting ethical decisions between alternatives in a constant manner…
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A: CategoryThe company is producing those goods which are finally consumed by the consumers.Before this…
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A: The chances of accomplishing the business outcomes increase to a great extent if the major emphasis…
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A: In business there is need of money on continuous basis to grow and expand business so you have to…
Q: How are they different from each other? When are they used? Pretend that you are a Data Analyst in a…
A: Descriptive Analytics tells you what happened in the past. Predictive Analytics predicts what is…
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A: The business either small or large incorporates marketing functions for getting desired outcomes.…
Q: All of these are among the actions suggested by the Four Actions Grid used in forming a blue ocean…
A: The blue ocean strategy is formed by taking into consideration four major activities which are as…
Q: ve you ever been involved in the creation of a business plan? If so, did the plan include all three…
A: I have never been included in a business plan but I know how to create a business plan.Here are ways…
Q: Assume you are the newly recruited Business Development Executive for a leading plant nursery…
A: For the primary research, the participants were asked for what purpose they typically purchased…
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A: c. Classical and Socio-economic
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A: Strategic analysis is a cycle that includes investigating an association's business climate inside…
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- What is the importance of customer experience to a business success?How does CRM contribute to improving customer retention and loyalty, and what strategies can businesses implement to achieve these goals?Formulate a business idea that is sustainable and marketable . Give 3 ideas and for GOOD HEALTH AND WELL BEING
- Do you think viability in business important? Why? This is for our entrep subject. Hope you could help! Thank you!THEME: Identifying business opportunity by addressing current issues in your community Through market observation and changes in today’s lifestyle preference as well as daily struggles, you are able to identify various business opportunities. You are required to identify a business opportunity by addressing current issues in your community. Evaluate THREE (3) potential business ideas, and select ONLY ONE best idea to be presented in the Business Model Canvas (BMC). This business ideamust be a new and creative solutions that specifically address the identified issue. Develop your business idea through Business Model Canvas (BMC). Your submission must include:1. Business ideas.2. Value proposition. 3. Market and Customer segments.4. Channels.5. Customer relation.6. Key activities7. Key resources.8. Key partners.9. Cost structure.10. Revenue streams and pricing models.1. Identify the different sources of business opportunities. Cite an example for each sources of business opportunities that will meet the needs of the market.
- What is meant by make or buy? What are the key make or buy success factors?Read the case below carefully and answer the following questions. Big Data, Big Business, Big Opportunities Imagine working 10 years to become the lead marketing executive at a large retail organization only to find that your competitor is invading your market share by 20 percent each year. You quickly decided to launch several online marketing promotions while improving your products, but find your efforts are fruitless as your competitor continues to steal your customers, destroying your profits while raising its own. As you begin to analyze your competitor's business strategy, you find that while you were focused on sales reports, product inventory analysis, and other traditional marketing efforts, your competitor was making a massive investment in upgrading all of its management information systems. This included systems capable of collecting, storing, and analyzing data from every store, product, and sales representative in the market. In fact, your competitor now knows more about…Reflect on how the concepts in advanced marketing can be applied to real-world situations and can increase your chances to career or life success?
- What is a marketing plan, and how does ii differ froma business plan?You are developing a one page business plan for the idea. Explain the concept of a one page business plan. Explain one key component you would include as a 'selling point' for your particular business idea and why1. Describe Size of the Market in the business plan 2.Explain what Elements of a Successful Business Plan 3. What is added value in business? 4. What is Value-Added in Marketing?