Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Background Info: we are going to make a business plan for startup business of Electrical scooter with vespa's Frenchies in FLORIDA USA. we are targeting

Background Info:

we are going to make a business plan for startup business of Electrical scooter with vespa's Frenchies in FLORIDA USA. we are targeting youth over there like universities students or other middle-age population of Florida. here are some questions regarding developing a sale forecast for that business.

want general Answer for that as a businessman's point of view or sales forecast.

Developing A Sales Forecast For Vespa E-Scooter Business in Florida USA

Answer the question written bellow

1. Provide a summary of typical individuals, companies, and organizations that are likely prospects
for your product/service offering as described in the market profile you prepared. Ask yourself such questions as:
(i) How old would these customers be? (ii) Where do they live? (iii) What types of activities would they participate in?

(iv) What primary benefits are they looking for in my product or service? Think of as many relevant questions as possible.

2. How many of the prospective customers you have described as good prospects are in your trading area?
3. Describe how you feel these prospective customers would go about deciding whether to purchase your
product/service rather than a competitors offering. Would these potential customers be principally concerned

with price, convenience, quality, or some other factor?

4. (a) How often would prospective buyers purchase your product or service? Daily? Weekly? Monthly? Other?
(b) Where would they look for it or expect to buy it? What kind of seasonal or other patterns are likely to influence sales?
(c) How will holidays or other special events effect sales patterns within a month? A year?

5. How much (in dollars and/or units) would a typical customer purchase on each buying occasion?

6. How would your customers likely hear about your product/service offering? Through newspapers?
TV or radio advertisements? Word of mouth? Salespeople? Intermediaries? Other?
7. From the above information, estimate your expected annual sales in terms of dollars and/or number

of units by month for the first three years of operation of your business.

1st Year 2nd Year 3rd Year
January
February
March
April
May
June
July
August
September
October
November
December

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematics Of Finance

Authors: Petr Zima

2nd Edition

0070082030, 9780070082038

More Books

Students also viewed these Accounting questions

Question

1. The next area, Now we will turn to, or The second step is.

Answered: 1 week ago