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Explain five reasons why as an entrepreneur one should develop a business plan. Explain Five 5 challenges you expect to face when introducing the products in the market.
However many marketers find it difficult to adequately serve their customers. Describe five such attributes that you believe an entrepreneur should have. Recent market survey indicates that sales of the main product line CD players are beginning to stabilize and the market is reaching maturity. What growth options would you consider for the product? How would this affect the marketing of your products? While conducting field tests you discover a design flaw in one of your best selling ovens that could potentially cause harm to a small number of consumers.
However a product recall is likely to bankrupt your company, leaving all of the employees including you jobless. What would you do as the owner? What benefits would accrue to the businesses for segmenting their markets. What is the most important thing that you may do to ensure your clients get their money worth from your services?
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