Daniel wants to start a new spin studio. He believes that spin studios that exist as part of established gyms are not effective because spinning requires a dark room and loud music. He also doesn't like that most gyms only have a few spin classes per day. He plans to hire enough instructors to offer more classes throughout the day, not just during the high traffic morning and evening time frames. His overall purpose is to provide the optimal conditions for spinning and to start a community that works together to reach fitness goals through spinning. Which element of a business description does this scenario best describe?
A) a rationale
B) a mission
C) an objective
D) a competitive analysis
E) a target market analysis

Question

Quizplus · Accepted Answer

In regard to the business description, this scenario best describes a mission, which is a reason for existence or the overall purpose of the firm.

Daniel Wants to Start a New Spin Studio