Substantial market for a small business

Assignment Help Business Management
Reference no: EM133183808

Your Aunt Carole has come to you and your classmates for help with her new product. After years of frustration, aggravation, bites, and scratches from her beloved but bad-tempered long-haired cats when attempting to groom them, Aunt Carole has developed a new product- the "Happy Pet" mat remover. The "Happy Pet" electronically stimulates individual hairs to separate with no pulling or tugging on sensitive skin. Even the worst mat comes out easily. It is no more than two ounces, small enough to fit the owner's palm, and made of soft rubber. It would come with an automatic recharger similar to that of a cell phone.

You have done some research and found that according to the U.S. Pet Ownership & Demographics Source book (2012), Americans own approximately 75 million cats. Even if only 20 percent of them have long hair, that is a substantial market for a small business.

Decide what advice you would give Aunt Carole to help her succeed. You might start by considering the market viability of the idea. How do you find out if people will actually pay for something like this? Who is most likely to buy it?

Reference no: EM133183808

Questions Cloud

Private retirement investments in portfolio of common stocks : Adel retired from his firm. He has continued to hold his private retirement investments in a portfolio of common stocks and bonds.
Elements of global citizenship education : Reflect the concepts of intercultural competence and intercultural learning as a global citizen and it refers to elements of Global Citizenship Education.
How proactive recruitment can benefit an organization : Research one of the companies listed in the text as offering a good work-life balance.
Identify a counter discourse embedded within the article : Dominant discourses are common sense assumptions we take for granted; they often go unquestioned. Dominant discourses support dominant ideologies (e.g., "Men sh
Substantial market for a small business : Your Aunt Carole has come to you and your classmates for help with her new product. After years of frustration, aggravation, bites, and scratches from her belov
What amount of revenue should general supply report : General Supply Co. sells snow removal equipment (shovels) to King Hardware Store. What amount of revenue should General Supply report
List a recent case of lawsuit brought against auditing firm : Question - List a recent case of a lawsuit brought against an auditing firm and briefly describe the result. Explain thouroughly
What is the materials price variance for sheridan for june : The company used 6100 gallons of the dye during the month. The standard price for the dye is $1.29. What is the materials price variance for Sheridan for June
Determine the breakeven stock price at expiration : What are the differences among scalpers, day traders, and position traders? Determine the breakeven stock price at expiration.

Reviews

Write a Review

Business Management Questions & Answers

  Explain the major financial ratios and financial cycles

Explain the major financial ratios and financial cycles, debt ratio, debt to equity ratio, return on assets, return on equity, current ratio, quick ratio

  Research consulting companies

Identify, investigate, and review three (3) sites that focus on consumer behavior capabilities from RESEARCH CONSULTING COMPANIES. These research consulting companies must list a series of specific capabilities and highlight methods and tools that ca..

  Create your own analysis of the community stakeholders

In-Depth Audience Analysis Locate your local Chamber of Commerce's community profile either online or in printed material that describes your local community.

  Understand the systems development life cycle

After reading about the systems development life cycle in your textbook, you decide that you want to learn more about it. Conduct additional research, using at least 2 additional, credible resources other than your textbook, and answer the followi..

  Which is mandatory as an industry standard

Define the legislation " ISO 10002 Customer Satisfaction and Complaints Handling" Which is mandatory as an industry standard.

  Creating a business document

How does a word processing application assist in creating a business document?

  Participation in the world trade organization

In your opinion, do you believe the United States' participation in the World Trade Organization (WTO) is positive or negative for American businesses? What are your thoughts on the benefit and challenges of the raft of legal obligations imposed o..

  Examine the consumer value framework

Examine the Consumer Value Framework (CVF), including its basic components. Provide your own examples?

  Discuss ethical challenges of the vaccination program

Identify and critically discuss ethical challenges of the vaccination program faced by the local government. Propose solutions to address those ethical challeng

  Explaining new leadership skills to the management

What would the training involve (the components of training)? A rationale for introducing new leadership skills to the management.

  It is not good to mix social life and professional life

It is not good to mix social life and professional life? Is this statement true or false? Why ? Explain Give example

  Financial planning and budgeting for global expansion

Global expansion requires many elements of analysis and planning. Some of those factors are beyond the scope of this course,

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd