{"id":69668,"date":"2021-11-02T06:52:05","date_gmt":"2021-11-02T06:52:05","guid":{"rendered":"https:\/\/papersspot.com\/blog\/2021\/11\/02\/e-mgt402-as2-start-up-business-plan\/"},"modified":"2021-11-02T06:52:05","modified_gmt":"2021-11-02T06:52:05","slug":"e-mgt402-as2-start-up-business-plan","status":"publish","type":"post","link":"https:\/\/papersspot.com\/blog\/2021\/11\/02\/e-mgt402-as2-start-up-business-plan\/","title":{"rendered":"E | MGT402 | As2 | Start-up Business Plan,,"},"content":{"rendered":"<p> Assignment 2 <\/p>\n<p>Start-up Business Plan <br \/> Imagine you started a new business as an entrepreneur in Saudi Arabia (In Continuation to the Assignment -1). <\/p>\n<p>Please, think and share information on the following items: <\/p>\n<p>4. Marketing Plan <br \/>a. Market Research- Why? (1 Mark) <br \/>b. Market Research- How? Primary or Secondary Data? (1 Mark) <br \/>c. In your marketing plan, be a s specific as possible; give statistics, numbers, and sources. The marketing plan will be the basis, later on, of the all\u2010important sales projection. (3 Marks) <br \/>Product <br \/> Describe the most important features. What is special about it? <br \/> Describe the benefits. That is, what will the product do for the customer? <br \/>Customer <br \/> Identify your targeted customers or your ideal customer: How many of them are there? It\u2019s important here to be specific. <br \/> \u2022 Demographics <br \/> Customer relationships: How do customers want to interact with the business? <br \/>Competition <br \/> What products and companies will compete with you? <br \/> How will your products or services compare with the competition? Identify the organization\u2019s competitors and their strategies, along with ways to counter competition and gain market share. <br \/> How is your target market solving their problem today? Are there alternatives or substitutes in the market? <br \/> Investors will want to know what advantages you have over the competition and how you plan on differentiating yourself. <br \/>Strategy <br \/> Outline a marketing Strategy. <br \/>Promotion <br \/> How will you promote your Product? <br \/> What will be your promotional budget? <br \/>Distribution Channels <br \/>How do you sell your products or services? <br \/>What are the costs associated with distribution? <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Assignment 2 Start-up Business Plan Imagine you started a new business as an entrepreneur in Saudi Arabia (In Continuation to the Assignment -1). Please, think and share information on the following items: 4. Marketing Plan a. Market Research- Why? (1 Mark) b. Market Research- How? Primary or Secondary Data? (1 Mark) c. In your marketing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[13],"class_list":["post-69668","post","type-post","status-publish","format-standard","hentry","category-research-paper-writing","tag-management"],"_links":{"self":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/69668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/comments?post=69668"}],"version-history":[{"count":0,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/69668\/revisions"}],"wp:attachment":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/media?parent=69668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/categories?post=69668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/tags?post=69668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}