In this assignment, you are asked to begin to pull together the marketing concepts we have been...

60.1K

Verified Solution

Question

Operations Management

In this assignment,you are asked to begin to pull together the marketing concepts wehave been discussing and to think ahead. Entrepeneurship is reallya concept of evolution, an idea that often begins as a smallbusiness. Before it became Walmart was we know it, Sam Walton'sstore began in a small town in Arkansas. A similar history existsfor McDonald's -- a small hamburger stand in California. In theauto industry, the Dodge Brothers really did exist.
Look around you.Perhaps you know someone who owns or manages a small business.Think about how they bring products (or services) to themarketplace. What are the risks?
Small business is acritical aspect of distribution in the United States. If you weregiven $150,000 to start a small business, what would it be? Whatwould you do first?
Some of you may befans of The Shark Tank (on ABC, some cable channels, and Hulu).What are the questions the sharks ask before investing? Otherprogram with a similar concept but different theme are on CNBC.Think about why those questions are important.
Tell me about yoursmall business idea and what you would do to get if off the ground?Be sure to explain your business concept and what you would use theinvestor's money to accomplish.

Answer & Explanation Solved by verified expert

4.3 Ratings (692 Votes)

The venture I would start is a fast food restaurant which focusses on Asian cuisine in a healthier way The location of the same would be near a college The idea will be to bring the young crowd and make it a preferred hangout for them Summary As mentioned previously the venture would be a fast food restaurant near a college premise The fast food joint will also have a separate space for attracting the younger folks who are focused on gaming and other related activities The fast food restaurant itself will be a huge addition to the neighborhood The food served here will be Asian cuisine with provision of burgers hot dogs and other snacks Overall description The fast food restaurant will have a seating capacity of 2530 and will be focused on groups There will be food challenges and other methods to make the time and money spent a memorable one for the students and other customers There will be provision for free wifi and the specialized cuisine would mean attracting crowds who would want to taste something different from the normal See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member