There are at least nine components to a formal business, Ask an Expert

Management Studies

There are at least nine components to a formal business plan for a new product. Consider four of those components: (a) product or service details, (b) market opportunity details, (c) identification of target market, and (d) competitor analysis and identification of entry barriers. Which component of the plan do you feel is the most important? Explain why the component you selected is more important than the other three components. Offer three reasons to justify your selection.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91948873

Have any Question?Write your Review or question?

Related Questions in Operation Management

Manufacturers of gas furnaces for homes know that in rare

Manufacturers of gas furnaces for homes know that in rare instances, a furnace will develop a gas leak that leads to an explosion. The manufacturers can take precautions, in the form of costly changes to the manufacturin ...

1 if you were running a business would you implement a

1. If you were running a business, would you implement a pay-for-performance scheme? Why or why not? 2. Taking a position in a favor of delivering training to employees in an on-ground setting and outline the arguements ...

Based on your reading of chapter 9 or the text reed

Based on your reading of chapter 9 or the text (Reed, Pagattaro, Cahoy, Shedd, & Magid, 2015) and considering how a contract can be legally discharged and when a contract can be breached, respond to the learning activity ...

1 what value is there to understanding the factors driving

1. What value is there to understanding the factors driving standardization versus localization of HR policies, processes, routines, procedures and practices? 2. What are the most common errors or biases for managers to ...

1 you own your own business and you had a problem with

1. You own your own business and you had a problem with employee theft, would you use an integrity test? Why or why not 2. Top line growth is defined as the growth in which of these? Net Sales Gross profit Operating inco ...

Identify and evaluate marketing opportunities choose one

IDENTIFY AND EVALUATE MARKETING OPPORTUNITIES Choose one new market that might have been identified by your researchers and analyse the risks and benefits to the organisation of attempting to enter your chosen market. Yo ...

1 how does consumer purchase behavior affect the timing of

1. How does consumer purchase behavior affect the timing of advertising for considered products versus impulse products? 2. Discuss how the element of surprise can be used to gain a competitive advantage. Media Budgets 3 ...

1 from what process does process improvement originate and

1. From what process does process improvement originate and why? 2. What is the purpose and discuss the importance of Quality Records? in relation to iso 9000 3. Describe the process of "managing change" in an organizati ...

1 what are the primary competitive forces impacting us

1. What are the primary competitive forces impacting U.S. steel producers in general and the producers like Nucor that make new steel products via recycling scrap steel in particular? Please do a five-forces analysis to ...

Criteria that influence manufacturing plant and warehouse

Criteria that influence manufacturing plant and warehouse location planning: • Proximity to Customers? • Business Climate? • Total Costs? • Infrastructure • Quality of Labor? • Suppliers? • Other Facilities? • Free Trade ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert