the business Bombas. Determine their target market. If you were the CEO, how would you go with expanding the business? Would you launch new products, expand into new areas, or pursue vertical integration? Tell me what you think.
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the business Bombas. Determine their target market. If you were the CEO, how would you go with expanding the business? Would you launch new products, expand into new areas, or pursue vertical integration?
Tell me what you think.
Step by step
Solved in 2 steps
- Answer the following: Among the seven P’s of Marketing or Marketing Mix, does the 'Product' be the first priority of the organization? Explain briefly. How the Marketing Mix help the entrepreneurs? What is the significance of the marketing mix to the students and future entrepreneurs?1. Write 2 products/services you want to pursue if you become an entrepreneur. 2. Identify your target market by answering the following question in the box provided below. a. WHO are your target customers? b. WHY are you targeting those people? c. WHAT is your goal in targeting these customers? Product/Service Target Market Who: 1. What: Why: Who: 2. What: Why:What's In Guide Questions: 1. What are the considerations taken in venturing into a new business? 2. What are the risks involved in venturing into a new business? (e.g. restaurant business). 3. Is there a market for the product/services you want to offer? 4. Are the products/services you plan to offer basic necessities or not? 5. Can you identify the players in the industry? 6. What are the salient features/competitive edge of the product/services your plan to offer? 7. Do you have the managerial competence and technical expertise to run the business? 8. Do you have distribution channels by which you can sell you products/services? 9. Do you have the financial resources to start and operate the business?
- Why has Toms Shoes been criticised for the effects it's "but one, give one" business model? What would be a better strategy for it to pursue?. A. How would you identify the target markets?B. How would you segment the market? State and discuss minimum two (2) ways youwould segment the market as an entrepreneur as discussed in the course.1. How will entrepreneur grow their business using strategic marketing? 2. How did this "tactic" help the business owners achieved their goal in the business?
- Give at least 3 areas where entrepreneurs should look deeper into? Provide example. As an entrepreneurship student, why do you need business opportunity? Management team? The production program, marketing program, and financial program? Explain. Give tips in choosing a business name and explain. What is a product life cycle? Give the stages of the product cycle and explain. What are idea generation and screening? What are business analysis and product development? Explain test marketing? What is a marketing mix? What are the marketing strategies and site examples? What are the 7P’s of the marketing mix? Give an example of a marketing mix and explain What is the promotion mix? Give example on each one. What is the significance of the marketing mix to a student like you? How can you explain the physical environment? What can you do as Student Entrepreneur? How can you help businesses in today’s crisis? In your own idea, how can you be an entrepreneur? -20. Make a simple business proposal…If this means you’ll enter a new industry, how will you do that?There are three ways that are described in the book: new venturing, acquisitions,and joint ventures. What approach applies to your strategic plan based on theindustry you operate in?In General, there are FIVE (5) common traps that look attractive to entrepreneur by some criteria but often are fundamentally flawed” By referring to any industry familiar with, kindly explain and apply the FIVE common traps in business.
- Imagine you are an entrepreneur launching a business planning to operate both domestically and abroad. You are currently developing your marketing plan and strategies. Develop a 1,050-word analysis addressing the following: · Describe your organization's mission, vision, and values. · Explain how these values will be aligned to your own personal brand identity, ethics, and values when doing business, planning strategies, and solving problems. · Discuss at least two concepts from class that are elements of a marketing plan and are important tools to your entrepreneurial business' success. Discuss how the concepts help align the organization's values with your values. Explain the reasoning leading to these conclusions. · Select…The Boston Consulting Group (BCG) growth-market share matrix identifies SBUS and their related products as stars, cash cows, question marks, and dogs. Do you think this is a useful way for organizations to examine their businesses? What are some examples of product lines that fit in each category?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 business