Question: Do you agree with the below statement and why? Some of the challenges to entering a food market are having a product thats different than

Do you agree with the below statement and why?

Some of the challenges to entering a food market are having a product thats different than those already on the market, having a consistent product quality that customers can depend on, and having a guest experience that will keep customers coming back. Another challenge is having a location for cooking food and serving customers that legitimizes and legalizes the business. Funding can also be a problem with companies that are just getting off the ground and dont have the backers or time in business to secure bank financing. The last challenge is that bigger companies might be able to duplicate and scale a similar version of your product and capture more market share before your business is running at full capacity.

-If I were in Staceys situation, I would have made sure my business was in good legal standing and would have never given up majority control so that being bought out by sharks wasnt a possibility. By being secure, I would have the confidence to push the business harder. One other thing I would have done was work with a supply chain manager to work out just how much product I would need to ensure a smooth scaling up of operations and avoid running out of product.

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