Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Company: Art Gallery You will be the only owner and only employee of the business. Your start-up capital would be a maximum of $30,000. (No

image text in transcribed
Company: Art Gallery You will be the only owner and only employee of the business. Your start-up capital would be a maximum of $30,000. (No specific costs or expenses need to be accounted for in this project.) Assume you have any education, certificates, or credentials that would be needed for a business such a this. Your assignment must be submitted in Blackboard. Submissions must be double-spaced, using a 12-font type size. All data must have proper, accessible references using numbered endnotes (not a bibliography.) The assignment must be written in complete sentences {question numbering optional) in the order outlined below. 1. 1-\" Describe the specic products andfor services you will offer and their nature. (J_-3_ sentences.) Locate and describe the customer groups you will be targeting. (1 - 3 sentences) Clearly define your market potential. (1 sentence) Explain where your business will be located and how you will provide (distribute) your productlservice. (1 - 3 sentences.) Prepare a sales forecast for your first year of operations using 2 different methodsfsources as outlined in the textbook. (4 - 12 sentences.) Name, locate, and briefly describe any direct competitors that you will have to deal with. (2 - 6 sentences) Briefly describe any indirect competition that you will have to deal with. (1 - 3 sentences) List 3 words that describe the brand image your company will project. Explain why this is appropriate for what you're selling and appropriate for your customer target. (4 - 8 sentences) Name and explain the pricing strategy that you will be using. Explain why this is appropriate for how it fits in with the rest of your marketing mix. (2 - 5 sentences) 10. Specify and describe any traditional methods you will use to promote the business explaining the reasons for your choices. (4 - 7 sentences) 11. Specify and describe any digital tools you will use for distributing or promoting your 12. products and services. (3 - 7 sentences) Identify the legal form ofthe business. Explain your reasons for this legal set-up. (1 -3 sentences)

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

Business research methods

Authors: William G Zikmund, Barry J. Babin, Jon C. Carr, Mitch Griff

8th Edition

978-032432062, 0324320620, 1439080674, 978-1439080672

More Books

Students also viewed these Marketing questions