Question

A realistic assessment of the challenges facing the new venture.

The new venture is planning to open the retail store and it has already has one retail store.So,the store is planning to have two store.

250 words and no plagiarism please.

Answer 1

It is good to expand the business through opening more and more stores in the market. And taking this type of decisions include a lot research. It is very important to understand each and every crucial points before starting up anything new. There are alots of challenges we comes in a way in launching new retail store. And following points must be considered before opening new retail store-
Market study. The market must be studied very properly. The location of the place matters alot. We have to study the unexplored market in the environment.
Customer requirements. The main thing should be to fulfill the customer requirements. We should search the market where the customer demand are unfulfilled so we have to explore that market.
Promotion. To promote the new retail outlet, marketing should be done at the old store. Marketing plays a vital role in the growth of new outlet.