choose one of this topic , please answer that quickly
Textile Buisness 1 The online business is the process were the person can sell its products using the social media sites, online platform where they connect both the manufacturer's and retailers on a platform. The benefits of selling the product at the online platform is that they connect the larger amount of consumer, person can sell product to other country and there can be an competition on related to price, cost reduction, the seller do not have to maintain the stock, faster response to buyer and market demands. 2 The customer of all demograpic can be targeted while selling the product online and larger demograpic target can help in knowing the people taste and preferences. Moreover, the needs of the customer can be satisfied easily as they have large amount of product to choose. 3 Competitor's Profile - In online business there are lot of competitors like now a days wholesaler, retailer and manufacturers all of them have started to sell there product online for generating more revenue. Competitors are all the online textile product sellers. 4 Marketing plan which an business owner can do while selling online is the social media advertisement, reaching the right targeted consumer, providing the best price to the buyers after analysis the market. Task 2: Student should develop a business plan for any innovative business idea with the following components (Initial investment should be between 10,000 R.O. - 40,000 R.O. only): (75 Marks) 1. Product/Service/ Business description (5 marks) . Discuss the features and benefits. Description of the online business. 2. Customers (5 marks) Demographic characteristics The needs of the customers 3. Competitors' Profile (mention at least two competitors) (5 marks) 4. Marketing plan (15 marks) Target market - Information on the target market with regards to demographic profile Pricing decisions Promotions: The types of promotions strategies to be used and the "Budget' allotted to these strategies. 5. Operations and Logistics plan (15 marks) Technology Equipment, assets, and materials Legal requirements Insurance requirements (15 marks) Describe the type of structure you'd use Describe the kinds (functional skills) and number of people you'd need Draw organizational structure of the company MEC AMO TEM_035_04 Page 25 Entrepreneurship and New Venture Creation (BUSS 20008)-Spring-2022-CW3 (ASSMNT) -ALL-QP 7. The Major Financial Projections (15 marks) Income Statement Balance Sheet Cash-Flow Statement 6. HR plan and Organisation Structure . Textile Buisness 1 The online business is the process were the person can sell its products using the social media sites, online platform where they connect both the manufacturer's and retailers on a platform. The benefits of selling the product at the online platform is that they connect the larger amount of consumer, person can sell product to other country and there can be an competition on related to price, cost reduction, the seller do not have to maintain the stock, faster response to buyer and market demands. 2 The customer of all demograpic can be targeted while selling the product online and larger demograpic target can help in knowing the people taste and preferences. Moreover, the needs of the customer can be satisfied easily as they have large amount of product to choose. 3 Competitor's Profile - In online business there are lot of competitors like now a days wholesaler, retailer and manufacturers all of them have started to sell there product online for generating more revenue. Competitors are all the online textile product sellers. 4 Marketing plan which an business owner can do while selling online is the social media advertisement, reaching the right targeted consumer, providing the best price to the buyers after analysis the market. Task 2: Student should develop a business plan for any innovative business idea with the following components (Initial investment should be between 10,000 R.O. - 40,000 R.O. only): (75 Marks) 1. Product/Service/ Business description (5 marks) . Discuss the features and benefits. Description of the online business. 2. Customers (5 marks) Demographic characteristics The needs of the customers 3. Competitors' Profile (mention at least two competitors) (5 marks) 4. Marketing plan (15 marks) Target market - Information on the target market with regards to demographic profile Pricing decisions Promotions: The types of promotions strategies to be used and the "Budget' allotted to these strategies. 5. Operations and Logistics plan (15 marks) Technology Equipment, assets, and materials Legal requirements Insurance requirements (15 marks) Describe the type of structure you'd use Describe the kinds (functional skills) and number of people you'd need Draw organizational structure of the company MEC AMO TEM_035_04 Page 25 Entrepreneurship and New Venture Creation (BUSS 20008)-Spring-2022-CW3 (ASSMNT) -ALL-QP 7. The Major Financial Projections (15 marks) Income Statement Balance Sheet Cash-Flow Statement 6. HR plan and Organisation Structure
