PREPARE YOUR WORD BY ANSWERING THE FOLLOWING FIVE QUESTIONS 1. What is your venture? (In a few words). 2. What is your target market? (Describe in terms of demographics, geographics,..) 3. How do you plan to create "customer value" for your product/service? 4. Why is marketing important for your venture? 5. How do you plan to create word-of-mouth advertising for your venture?
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PREPARE YOUR WORD BY ANSWERING THE FOLLOWING FIVE QUESTIONS 1. What is your venture? (In a...
I need help answering a few questions for my small business class! What are the two types of business plan? In what situation(s) would you use each type of plan? Why is the executive summary an important section of the business plan? How might an entrepreneur’s perspective differ from an investor’s in terms of the business plan? Describe the major sections to be included in a business plan. If the income statement of a financial plan shows that the business...
Customer segmentation is imperative when trying to send messages to a target market. Segmenting consumers enables your team to stretch the budget by reaching the most ideal visitors who are likely to become leads, without wasting money on impressions that will never turn into conversions. Geographics and psychographics go hand-in-hand with basic demographic data in order for marketing professionals to adequately analyze their audience. Psychographics is the analysis of consumer lifestyles to create a detailed customer profile, and when combined...
Part 4: Marketing (Topic 5) Consider if your strategic plan is a market entry plan (entrepreneurial), a market expansion plan for an existing organization, or a mergers and acquisitions plan. Deciding who the target market is and determining their demographics, behaviors, motivation, needs, and goals is essential because the target market drives the marketing plan. This is typically done through studying research and data related to how potential customers are willing to invest their time and energy. Additionally, by deciding...
Vegan Restaurant Part 4: Marketing (Topic 5) Consider if your strategic plan is a market entry plan (entrepreneurial), a market expansion plan for an existing organization, or a mergers and acquisitions plan. Deciding who the target market is and determining their demographics, behaviors, motivation, needs, and goals is essential because the target market drives the marketing plan. This is typically done through studying research and data related to how potential customers are willing to invest their time and energy. Additionally,...
For the first six (6) months your Grapefruit Juice Company is in business----to give you time to perfect your product and to learn from actual customer---you will start marketing and selling in your own community, a radius of twenty-five (25) miles from where you live Write the two or three (2-3) page Marketing Plan & Sales Strategy section of your business plan, in which you: .1) Define your Company’s target Market: A) Analyze the types of consumers who will be...
Company LL bean. You are to present a discussion of Demographic market segments and all 4 marketing mix appropriate to the segment. How you choose to present your recommendations is one of the choices your group should make, and it will depend a great deal on your product choice and all the other variables. However, your report should include: • Why you are focusing on demographic? You will have already described your selection criteria, but why have you chosen this...
Please answer the following question in 275 word count in YOUR OWN words and please use references t to support your question. You have been hired as an outside consultant for a large durable medical equipment and medical supply company. The company specializes in a wide range of medical supplies and equipment. Some of its most profitable offerings include hospital bed rental to private residents, wheelchairs, walkers, scooters, and other mobility equipment. However, the company has come to realize that...
Please answer the following question in 375 word count in YOUR OWN words and please use references t to support your question. You have been hired as an outside consultant for a large durable medical equipment and medical supply company. The company specializes in a wide range of medical supplies and equipment. Some of its most profitable offerings include hospital bed rental to private residents, wheelchairs, walkers, scooters, and other mobility equipment. However, the company has come to realize that...
Please answer the following question in 500 word in your own words please cite all reference Both social media and the Internet have changed the way that health care organizations market to their target populations. Complete the following: • Additionally, he asks that you develop a marketing research tool that will help the organization understand its target market.
Please answer the following question in 300 word in your own words please cite all reference Both social media and the Internet have changed the way that health care organizations market to their target populations. Complete the following: • Additionally, he asks that you develop a marketing research tool that will help the organization understand its target market.