MRTS 1342 Launching a Business Questions and Answers
3 views 0 purchase
Course
MRTS 1342 Launching a Business
Institution
MRTS 1342 Launching A Business
MRTS 1342 Launching a Business Questions and Answers
What does market demographics refer to in the context of marketing analysis? - Answer-The study of human populations with respect to their size, density, distribution, composition, and income.
What role does market analysis play in business s...
MRTS 1342 Launching a Business
Questions and Answers
What does market demographics refer to in the context of marketing analysis? -
Answer-The study of human populations with respect to their size, density, distribution,
composition, and income.
What role does market analysis play in business strategy? - Answer-It guides decision-
making based on market trends
What do population trends focus on in marketing analysis? - Answer-Changes in the
number and characteristics of people in a certain area
What is the primary focus of the financial plan component in a business plan? - Answer-
Outlining the company's funding needs and how the debts will be paid.
The study that is used by a business to determine where the potential customers are
located is referred to as: - Answer-Market Survey
How does a chamber of commerce contribute to a community? - Answer-By promoting
commercial interest in a community
How can market surveys benefit a company? - Answer-By providing insights on where
customers are located.
What is the significance of assessing business competition in marketing analysis? -
Answer-It evaluates the strengths and weaknesses of competing businesses
What is the purpose of an executive summary in a business plan? - Answer-To highlight
key information and grab the reader's attention
Operations Plan - Answer-Describes the processes, key roles and responsibilities and
activities that will make your business successful.
Development Plan - Answer-Establishes expectations for the sales and lifecycle of your
products or service
Growth Plan - Answer-Forecasts financial outlook for the next five years.
Management Plan - Answer-An organizational chart and description of who will be
managing the business
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Scholarsstudyguide. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.59. You're not tied to anything after your purchase.
