Business 100
July 17, 2011
1. Identify at least threesome challenges when setting up a stock. Explain why they ar challenges.
The three main challenges when setting up a business ar: bullion flow, fruit supply and demand, and human resources. Â Depending on the fibre of business, you go out have the initial cost of origin the business prior to any income derived from that business. Â What type of product are you selling and is on that point a consumer demand for the product. Â Depending on the type of business, there will often be an initial cash investment. Â Property will have to be acquired from which you will keep in line the business. Â The cost will depend on the location, where you product will be in demand, whether you are purchasing the property or renting; and the amount of square footage destinyed. Â The property needs to be decorated in order to display the product and there is also the expense of the inventory; labor is also manifold with decorating and stocking the inventory. Â Are you able to do this yourself or will individuals need to be hired? Â Also, do you as the business possessor have enough cash flow to sustain your alert expenses during this time, when there is no or little income available?
Finally, staffing the business is also a major concern.
2. Define what a box product is. Give at least three examples of recess products.
A recession product is an object or serving that is made and marketed for use in a small and narrow down but profitable market.
One example of a niche product is a car. For example, Lexus makes limited number of vehicles each stratum and it earns profit by selling these cars at very dear(predicate) prices to a very small segment of the market.
A sanction item that can be considered a niche product is a handheld video game such as a Sony PlayStation (PSP). This product targets an audience...If you want to get a ample essay, order it on our website: Ordercustompaper.com
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