A business proposal for a new business

Assignment Help Marketing Management

Reference no: EM13827144

Select a new good or service for an existing business or a business that you want to develop. Write a 1000 word business proposal for your chosen good or service. Include assumptions about the elasticity of demand and the market structure for the good or service. You might need to create hypothetical data or collect real data to determine fixed and variable costs. Include rationale for the following questions:

• How will you increase revenue?
• How will you determine the profit-maximizing quantity?
• How could you use the concepts of marginal cost and marginal revenue to maximize profit?
• What information do you need to determine this? Without this information, how would you make a decision?
• What is your suggested mix of pricing and non-pricing strategies? Explain your answer.
• Can you create or increase barriers to entry? If so, how?
• How will you increase product differentiation?
• Are there other ways to minimize costs for the product?

Additional Requirement

This question is a part of Marketing and it is a business proposal for a new business. The new line of business selected for this proposal is a pet care business. Pet care is a booming industry and it is worth millions of dollars worldwide. The demand for new and improved pet care products and services has been increasing in both developed and developing nations and worth of the industry is also growing every year. Hence, a business proposal for pet care business has been presented in the solution.

Word limit 1480

Reference no: EM13827144

Questions Cloud

Calculating the worth of the silver present : An original United States silver dollar from the late 1800s consists of about 24 grains of silver. Suppose that at current prices, the silver content of this coin is worth $2.25.

Determine the rate of flow in each pipe : A process uses an oil of density 800 kg.m-3 and viscosity 80 mPa.s at a rate of 0.72 m3.h-1. Determine the rate of flow in each pipe

Describe and discuss non-traditional terrorist financing : Describe and discuss non-traditional terrorist financing - propose a solution for eliminating this funding source and the specific methods that you would use.

Explains the theory of purchasing power parity : The problem is related to financial basics and it is explains The Theory of Purchasing Power Parity says that, in the long run, nominal exchange rates change to offset changes in relative i. _____so that the purchasing power of two currencies stay..

A business proposal for a new business : a business proposal for a new business

Identify the role models you had growing up : Describe the goals of modern terrorists and terrorist organizations, as well as the strategies and techniques employed by many terrorist organizations.

Estimate of the distance in meters covered by the body : Obtain your best estimate of the distance in meters covered by the body from t = 5 sec to t = 13 sec using either the Simpson's 1/3rd rule or the trapezoidal rule. Choose as many segments as you please

What is left of national income after households consume : The problem is related to economics and it is explains what's left of National Income after Households Consume and the Government Spends (S = Y - C - G). And, we know that National Income equals GDP (Y = C + I + G + NX).

Holdings of the company to diversify the stock : GeKay stock is worth $100, or $80, or $60. Investors believe that each case is equally likely so that the current share price is the average, namely $80.

User Account

All Pages