Business, 19.10.2020 14:01 Terrilady5

As would-be Entrepreneur, you are tasked to identify your dreamed business, one that involves your interests. Indicate who are your potential market, target
market, available market and/or penetrated market. Write your answer in the space
provided.

Answers: 1

Show answers

Answers

Answer from: khaleesical9645

My dream business is organic poultry farming.

Explanation:

It is my hobby to have different types of hen breeds. So I would like to invest in my hobby. I would like to have breeds of organic hens that will lay more eggs. I will also invest in fancy chickens which are widely used as pet in backyards.

It has great potential for growth, as people are nowadays moving towards organic foods. The organic poultry market has grown from $7.5 billions to $7.7 billions from 2019 to 2020. The growth recorded is almost 2% despite the breakout of virus. People would like to buy fancy chickens as pets because they lay eggs and look cute in the backyards.

The return on fancy chicken breed is much higher than an ordinary chicken breed that only lays egg. I will start from 1500 baby chickens and will around 50 chicken tractors in a large 8 kanal area. This chicken tractors will help me to keep the death rate of the chickens low and are helpful in lowering the spread of diseases. Furthermore, it is moveable which means my chickens will have fresh grass to eat.

I will buy a small van that will be helpful in managing the delivery of food requirement and egg supply to my customers. To lower the cost of organic feed I will grow many types of plants, herbs, grass, etc in the 8 kanal area that will meet the protien requirements of the chickens. I will also water the land daily so that the waste of the chickens are accessed very quickly to plants.

Their many other tactics that could be used like leasing the land for 2 years because it will lower the investment required, plantation of plants that will grow its value over time, use of thick sheets that will protect chickens from and use of thin sheet that will protect them from mosquitos, etc.

Note: I wasn't able to access complete questions so I think the above explanation of business idea will be very helpful for you to construct a business plan.

If you find the answer very helpful then don't forget to rate it. Thanks

Answer from: TheOneandOnly003

A business model is a document that describes all the phases necessary for the effective operation of a business and the achievement of objectives, such as the business line, value proposition, potential market, etc.

Assuming that your dream business is creating a cafeteria near a college, we can identify the components of the venture:

Potential market:

Part of the market you hope to attract in the future.

Young people and adults aged 15 to 35 years old from neighboring cities.

Target market:

The segment of individuals most likely to become your consumer.

Young students at XX College, aged between 17 and 27 years old.

Available market:

It is the metric used to define the number of people able to buy your products.

Penetration market:

Evaluates the use of its products and services by its customers in relation to the products and services of its competitor

Therefore, when starting a business, you must analyze the viability of the business through a business model and plan that seeks to offer value to your potential market.

It is necessary to segment your market according to the consumer profile to develop a marketing plan that attracts, retains and delivers value to the consumer, in order to become well positioned and competitive in the market.

Learn more here:

Answer from: Quest

Answer the reduction in economic surplus resulting from not being in competitive equilibrium;

Answer from: Quest

Answergoing above and beyond the norms of corporate ethical behavior;

Other questions on the subject: Business

Business, 21.06.2019 21:00, Dianar4308

Jameson manages a well-known cell phone company. this company has been voted as having the best cell-phone service. consumers appreciate the fact that they can call from almost anywhere in the world and the service still gets through. jameson knows that the company's product far surpasses that of the competition. one thing has been bothering him, though. in order to put so many resources into ensuring the best service, jameson has cut back on employees at the firm's customer call center. recently, consumers have begun complaining about long wait times when they call in with a problem or concern. although its cell phone service is still considered one of the best, customer satisfaction with the firm's customer service has plummeted. jameson does not understand why consumers are getting so upset. he believes the exceptional cell phone service more than makes up for long waiting periods and other issues with its customer service. "after all," he says, "they can't have it all. if i invest more in customer service, that means less investment on ensuring the quality of our product offering."refer to scenario. jameson has asked you, a marketing consultant, to give him advice. he cannot understand how a cell-phone company with the best product offering in the cell-phone service industry could get such low satisfaction ratings simply because the customer service is not up to par. you suggest that jameson has a narrowly defined view of the company's product offering. you tell jameson that successful marketers should define their products as what they

Answers: 2

continue

Business, 22.06.2019 05:20, naomicervero

Social computing forces companies to deal with customers as opposed to

Answers: 2

continue

Business, 22.06.2019 07:10, mia7955

Refer to the payoff matrix. suppose that speedy bike and power bike are the only two bicycle manufacturing firms serving the market. both can choose large or small advertising budgets. is there a nash equilibrium solution to this game?

Answers: 1

continue

Business, 22.06.2019 10:40, esta54

At cooly cola, we are testing the appeal of our new diet one cola. in a taste test of 250 randomly chosen cola drinkers, 200 consumers preferred diet one cola to the leading brand. assuming that the sample were large enough, the large-sample 95% confidence interval for the population proportion of cola drinkers that prefer diet one cola would be:

Answers: 1

continue

You know the right answer?

As would-be Entrepreneur, you are tasked to identify your dreamed business, one that involves your...