Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If an expert can take the time to answer each part and each question it is asking in each part please do not skip any

image text in transcribedimage text in transcribed

If an expert can take the time to answer each part and each question it is asking in each part please do not skip any question each part is asking. Also please put Part 1, Part 2, Part 3, and Part 4 so that when answering I can know which answers are for which parts. Also please use your own words. This is for BUS 001. Once again please use your own words and please take your time to read and answer each part. Also please use your own example and words. Thank you.

Brainstorm ideas and thoughts on business. You will decide on what type of business you are going to start. - Part 1 - Business Plan/Proposal - Part 2 - Business Logo/Slogan - Part 3 - Industry Market - Part 4 - Financing / Marketing Part 1 - Business Plan / Proposal Write your business plan/proposal using following information: Name of your business Hours of operation What do you do? (sell, fix, build, feed, serve, help) Type of business Location of business (town/area) Why did you choose that location? Identify the competition (at least 2 ) How many employees? What specific positions will they hold? Give details. Why do you think your business will succeed? Part 2 - Business Logo / Slogan Think of a logo and slogan that would best fit your business. The logo will give your customers a visual representation of your business. The slogan should be a catchy phrase used by your company to help the customers remember your business. Why did you choose that logo and slogan? How does your choices represent your business most effectively? Part 3 - Industry Market Always look at the marker prior to starting a business, especially as it relates to possible competitors. Tell us what makes your business (product/service) stand out compared to others? What kind of competition exists in the market and what would you need to get your business started in this market? (Examples: monopoly, oligopoly, perfect competition, barriers to entry, etc.) Part 4 - Financing / Marketing Financing - How much money will be required to start your business venture? After the initial start-up funding, how else are you going to finance your business? Also, determine how profitable your business is going to become. (Some examples: revenue, profits, short-term or long-term financing, etc.) Marketing - How will you get customers to know your business exists? How will your market or advertise your product/service to your audience. Who will your target audience be? What marketing techniques will you utilize

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

Basic Accounting Concepts Principles And Procedures Volume 1

Authors: Gregory Mostyn, Worthy And James

2nd Edition

0991423100, 978-0991423101

More Books

Students also viewed these Accounting questions

Question

c. Acafeteriawhere healthy, nutritionally balanced foods are served

Answered: 1 week ago