Identify your businesss product mix

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Reference no: EM133283670

Question: Consider your new business venture and answer the following questions related to its HRM, product, and pricing strategy:

As your new venture grows, you will need to hire employees. How will you recruit people to apply for jobs within your organization? How will you select the best employee from the pool of applicants?

How will employees be compensated in your company? How do you think that this compensation system will reflect your company's mission and goals?

Consider the customers in your target market(s). Are they individual consumers, or organizations, or a combination of both? For each of your target markets, identify what customers will expect in the product features and in the value-package features.

Identify your business's product mix, including its product line(s), if any. How do you justify this product mix rather than others you might have chosen?

Consider various pricing objectives and strategies to use when your product(s) first goes to market. Which pricing objective(s) seems most appropriate for your entry into the market(s)? Identify the pricing strategy(s) that seems best suited for your business. Explain

Reference no: EM133283670

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