Question: Purpose After reading Chapter 6 The Business Plan please answer Questions 1-3 on page 171 of the textbook to show your understanding of starting a

 Purpose After reading Chapter 6 "The Business Plan" please answer Questions
1-3 on page 171 of the textbook to show your understanding of

Purpose After reading Chapter 6 "The Business Plan" please answer Questions 1-3 on page 171 of the textbook to show your understanding of starting a business with a business plan Task Discuss each question-of the Situation 1 scenario. Please type out each question and answer. addition include any references used for this assignment (APA). Situation 1 You want to start an online clothing store and need information about the size of the market for the marketing section of your business plan. From an online search, you found that Americans spent $18.3 billion online for apparel, accessories, and footwear last year and that the forecast for their You want to start an online clothing store and need information about the size of the market for the marketing section of your business plan. From an online search, you found that Americans spent $18.3 billion online for apparel, accessories, and footwear last year and that the forecast for their spending on these items in the coming year is $22.1 billion. You have also researched publicly traded apparel companies, like Gap, to discover trends in online sales for these firm. Question 1 Why is your resear h thus far inadequate for what you need to know? Question 2 Do you think it will be difficult to find all the information you need? Question 3 What else might you do to find the necessary information? Situation

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!