Do the following:Inventory• What kind of inventory will you keep: raw materials, supplies, finished goods?• Average value in stock (i.e., what is your inventory investment)?• Rate of turnover and how this compares to the industry averages?• Seasonal buildups?• Lead-time for ordering?Details in the photo attached COMPANY DESCRIPTIONOur business is named "Snap and Sketch" as we primarily do take photos and do livesketch or drawing. We are offering affordable services to our clients, such as takingphotos of them using instax and sketching them live so it's a fun experience, especiallywith friends, families and colleagues.II. General Company DescriptionSnap and Sketch" is distinguished by its creative approach, affordability, dedication,quality focus, brand-building strategy, customer-centric mindset, market visibilitygoals, and a heartfelt philosophy of creating lasting memories. These strengths andcompetencies collectively position the company as a unique and customer-orientedplayer in the world of photography and live sketching.MISSION, GOALS AND OBJECTIVES AND BUSINESS PHILISOPHYMission:To offer fun experience and capture the memories of our clients, by taking quality picturesthem and live sketching. We do this through dedication, inspiration and loveGoals and objectives:•To encourage people to embrace fun of pictures and sketchesTo offer high quality service and output to make the customers satisfiedTo be the most preferred brand when it comes to live sketching and takingpicturesTo develop positive brand image and earn the trust of the public• To provide fun experience and satisfactory products to our clients● To increase brand awareness and to be known in the marketPhilosophy:To be part of people's memories- one picture, one sketch and one group of people at a time.TARGET MARKET"Snap and Sketch" is open to all kinds of people, but we also specifically targetingteenagers and young adults. For teenagers, ages between 13-17 who love to takepictures with their friends and classmates, and also love sketches or drawings.While on young adults, those are colleges and working people, ages between 18 to25, as they are also fan of pictures and appreciate more the essence of aesthetics,such as the sketching and drawings. And since we target these people, ourmarketing collaterals and programs are more focused on them, especially thepromos and discounts. Nevertheless, we still offer our service and outputs at a veryreasonable price, as we are aiming to make it accessible to everyone, and alsobudget-friendly.Most importantly, we will be having a survey and research to know the trend,especially to the generations of these teenagers and young adults. And to alsoknow if there's a need to extend more and innovate. PRODUCTS AND SERVICES"Snap and sketch" are offering these services/products:Live sketchingInstax Photo CapturingSERVICE●III. Products and Services●Disadvantages●COMPETITIVE ADVANTAGES OR DISADVANTAGESAdvantages:DESCRIPTIONWe are offering live sketchingthat usually took an hour ormore as the artist manuallydraw the subject or the clients.We are also offering serviceusing instax when takingpictures of our clients. Theprice ranges in the numbershots and copies. Theimages/pictures have all andone same size.OUTPUT/PRODUCTSOptions:8 x 12 (A4 size) Canvass Size12 x 16 (A3 size) Canvass Size16 x 24 (A2 size) Canvass Size24 x 32 (A1 size) Canvass SizeOptions:10 shots, 5 photos20 shots, 10 photos30 shots, 15 photos40 shots, 20 photos50 shots, 25 photosUnique service of live sketching and instax picturesSimple and understandable options and set to choose fromCustomers can also choose and create their own setFast as instax can print out photos easilySketching may take timeStill new and have many giant companies as competitorsInstax photos being offered have one size onlyMay not cater photos for graduation and other events as instax produce small-sized pictures

Question

Do the following:Inventory• What kind of inventory will you keep: raw materials, supplies, finished goods?• Average value in stock (i.e., what is your inventory investment)?• Rate of turnover and how this compares to the industry averages?• Seasonal buildups?• Lead-time for ordering?Details in the photo attached COMPANY DESCRIPTIONOur business is named &#34;Snap and Sketch&#34; as we primarily do take photos and do livesketch or drawing. We are offering affordable services to our clients, such as takingphotos of them using instax and sketching them live so it's a fun experience, especiallywith friends, families and colleagues.II. General Company DescriptionSnap and Sketch&#34; is distinguished by its creative approach, affordability, dedication,quality focus, brand-building strategy, customer-centric mindset, market visibilitygoals, and a heartfelt philosophy of creating lasting memories. These strengths andcompetencies collectively position the company as a unique and customer-orientedplayer in the world of photography and live sketching.MISSION, GOALS AND OBJECTIVES AND BUSINESS PHILISOPHYMission:To offer fun experience and capture the memories of our clients, by taking quality picturesthem and live sketching. We do this through dedication, inspiration and loveGoals and objectives:•To encourage people to embrace fun of pictures and sketchesTo offer high quality service and output to make the customers satisfiedTo be the most preferred brand when it comes to live sketching and takingpicturesTo develop positive brand image and earn the trust of the public• To provide fun experience and satisfactory products to our clients● To increase brand awareness and to be known in the marketPhilosophy:To be part of people's memories- one picture, one sketch and one group of people at a time.TARGET MARKET&#34;Snap and Sketch&#34; is open to all kinds of people, but we also specifically targetingteenagers and young adults. For teenagers, ages between 13-17 who love to takepictures with their friends and classmates, and also love sketches or drawings.While on young adults, those are colleges and working people, ages between 18 to25, as they are also fan of pictures and appreciate more the essence of aesthetics,such as the sketching and drawings. And since we target these people, ourmarketing collaterals and programs are more focused on them, especially thepromos and discounts. Nevertheless, we still offer our service and outputs at a veryreasonable price, as we are aiming to make it accessible to everyone, and alsobudget-friendly.Most importantly, we will be having a survey and research to know the trend,especially to the generations of these teenagers and young adults. And to alsoknow if there's a need to extend more and innovate. PRODUCTS AND SERVICES&#34;Snap and sketch&#34; are offering these services/products:Live sketchingInstax Photo CapturingSERVICE●III. Products and Services●Disadvantages●COMPETITIVE ADVANTAGES OR DISADVANTAGESAdvantages:DESCRIPTIONWe are offering live sketchingthat usually took an hour ormore as the artist manuallydraw the subject or the clients.We are also offering serviceusing instax when takingpictures of our clients. Theprice ranges in the numbershots and copies. Theimages/pictures have all andone same size.OUTPUT/PRODUCTSOptions:8 x 12 (A4 size) Canvass Size12 x 16 (A3 size) Canvass Size16 x 24 (A2 size) Canvass Size24 x 32 (A1 size) Canvass SizeOptions:10 shots, 5 photos20 shots, 10 photos30 shots, 15 photos40 shots, 20 photos50 shots, 25 photosUnique service of live sketching and instax picturesSimple and understandable options and set to choose fromCustomers can also choose and create their own setFast as instax can print out photos easilySketching may take timeStill new and have many giant companies as competitorsInstax photos being offered have one size onlyMay not cater photos for graduation and other events as instax produce small-sized pictures

Accepted Answer

The methodical management and oversight of a business's products and supplies is known as inventory…