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- Can you provide an example of how the internet has helped to improve a certain aspect of business? Have an example handy, and how would you rate its commercial viability?Five Guys embrace a simple concept: sell high-quality food (use fresh meat, no frozen products, and keep the preparation process simple). Franchising would require providing a license to other entrepreneurs and could jeopardize the company culture. It has no drive-thru, refuses to delivery, and relies on word-of-mouth communication rather than advertising. What were some of the risks involved with turning Five Guys into a franchise? What differentiates Five Guys products from other fast-food burger franchises? Describe some of the ways in which Murrell and his family retain control over the Five Guys franchise.GO to the following website to find library resources and tutoring services by campus. http://www.spcollege.edu/libraries/ OR https://spcollege.libguides.com/Entrepreneur What is the industry you have chosen to research and why? Are you currently engaged in an entrepreneurial venture or planning to launch one within the next 6 months-1 year? Which databases and resources did you use? choose 3 What did you find the MOST useful and educational? (BE SPECIFIC and provide feedback for EACH resource listed in #3) What is the MOST interesting trend or data/fact you found about the industry during your research? Make sure to include the citation for the trend(s) you provide. [HINT: In most cases this question should be answered using numbers (%, $, etc.)] industry: Windows and doors market
- Outline how strategic alliances can provide options for marketing opportunities and include two examples of alliances (also known as cooperative business models) that can be formed between businesses. Outline how the development of existing products or services can provide marketing opportunity options for a business, both in existing and new markets. Relate your answer to relevant diversification strategies from the Ansoff matrix. Outline how a takeover can create options for marketing opportunities for a business. Outline key information that a franchiser should consider providing when marketing their franchise opportunity. Outline how a company can use the establishment of a new business as an opportunity for marketing. Provide an example to illustrate your answer. Outline two other marketing opportunity options that a business could choose to pursue other than options explored in the questions above. Explain the importance of the product life…3. Do you think one can succeed as an entrepreneur without knowing the dynamics of marketing products? Discuss. To what factors would you attribute his success of this happens?1. Find entrepreneurs who have developed their venture by solving a problem? 2. The regulatory requirements and statutory bodies involved in starting a business? 3. What is concept test? Write one-page concept test for your product? 4. What are the most suitable distribution channels for banking sector? 5. On the basis of different financial sources discussed, suggest appropriate options to solve the financial problem of restaurant owner (with proper justification). 6. Define business plan and explain each and every element of business model development. 7. Discuss the one central government’s and one state government’s policy for start-up funding in India.
- 1. What are the differences between traditional and entrepreneurial marketing? 2. How does a marketing plan help an entrepreneur? 3. How does customer service impact sales of a new business?(b) How can one determine the successful adoption and implementation of an enterprise architecture approach? What characterizes absence or an initial approach to enterprise architecture vs. a successful and value-providing approach?why a partnership startup is better than a sole tradership and what will e ur marketing strategy to reach prospective customers?
- One of your friends is contemplating opening school supply store near your campus. She seeks your advice about size of the prospective customer base and how to market the business according to the 7 Ps. What strategies can you share with your friend to assist in launching the business?Should Playboy change their name and/or get into a new line of business? Why or why not? I do not believe it would be wise for Playboy to change their name or line of business. There is a lot of fame and popularity behind the name. Although Playboy might not be as popular as it once was, there are still individuals today that buy merchandise from the company just for its name. If the company were to change its name it would lose that credibility and popularity. There would be a loss of history behind the brand, which could decrease the overall profits and revenues of the company. Playboy is considered to be at the top of its industry, and changing its name would make it the same as every new brand coming into the industry. There would be no differentiation to persuade buyers. This would also make it incredibly difficult to market and campaign the brand because the brand would ultimately be the same as everyone else. Although if a change is truly needed, then Playboy could rebrand…“If you build it, they will come.” (Source: https://articles.bplans.com/target-marketing/) That’s what the author believed when he was first starting out. He assumed that if he opened a business, customers would just show and no major marketing effort required. Other entrepreneurs take the complete opposite approach and treat marketing as if it’s the 1916 Battle of the Somme wherein they throw all of their resources in the general direction of their intended audience and hope something hits its mark. The “if you build it they will come” approach is pretty risky. Just because it worked in Field of Dreams doesn’t mean there’s any reason at all to think that your ideal customers, the ones who both need your product or service and will pay for it are just going to magically find you and start showing up in droves with their dollars. There is a greater chance that Kevin Costner will show up at your door in a baseball uniform later today. Target marketing is researching and understanding…