Which scenario best describes the competitive analysis part of the final written business plan?
A) Margot wants to start her own health foods company, so she develops a list of all the grocery stores, convenience stores, and health-related businesses in the area and determines what draws customers to each store.
B) Carolyn wants to start her own hair salon, so she must determine how she will differentiate her salon from others, promote her salon, and price her treatments and products to attract customers.
C) Malcolm wants to start his own auto mechanic shop, so he analyzes how many other mechanics have opened shops in the area to determine what his potential market size will be.
D) Steven wants to open a custom furniture store, so he must determine the proper location, facility type, leasing options, and supplier needed to successfully operate his business.
E) Melrose wants to open her own clothing store, but first, she must determine what will set her clothing apart and how she will most successfully promote her clothing to get customers into her store.
Correct Answer:
Verified
Q14: Which of the following should appear first
Q15: Gerald wants to open his own barbershop
Q16: Which part of the final written business
Q17: Which part of the final written business
Q18: Glen has worked in the publishing industry
Q20: All of the following are variables that
Q21: Isabel has developed a new line of
Q22: Barry wants to open a new warehouse
Q23: Carrie is starting her own small publishing
Q24: Jerome has started his own computer repair
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents