Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

for SOUVENIR SHOP 1. Identify your target, and describe your niche market. (Demographic Profile) - 2. Business target - Identify the type of business clients

for SOUVENIR SHOP

1. Identify your target, and describe your niche market. (Demographic Profile) -

2. Business target - Identify the type of business clients you will provide your products and services.

3. Identify your competitors - what are their products, or services offered?

4. Make a competitive analysis

My business - SW (internal) OT - (external)

Competitors - SWOT

5. Make your Marketing Strategies (Product, Price, Promotion, Place)

- Product (describe the product/service/ competitive advantage)

- Price ( How much is your price, and what pricing strategies you will implement in the business)

- Place (Distribution channel, location of the business explain why you choose the location)

- Promotion (describe your promotional strategies)

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

Step: 3

blur-text-image

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

Constitutional Law Cases And Materials

Authors: Jonathan Varat, Vikram Amar, Evan Caminker

16th Edition

1647083613, 978-1647083618

More Books

Students also viewed these Law questions

Question

Why is treasury stock not considered an investment or an asset?

Answered: 1 week ago

Question

8. What are the costs of collecting the information?

Answered: 1 week ago