Attending high end business meeting or important interview

Assignment Help Operation Management
Reference no: EM131228464

When you think about attending a high end business meeting or an important interview, do ever wish you could wear a luxury accessory like all the other executives? Our business is able to fulfill that need, in pleasing consumers to rent luxury accessories as handbags, sunglasses, luggage, watches, and necklaces for a fraction of the original price. All our items will be used items either purchased or donated from a third party website/company. In providing customers the satisfaction to rent a luxury item of their desire at a low cost in compare of competitors. Satisfying the user, to wear a luxury accessory which they might not afford is our ultimate goal. Our company is run through our online website with an app that allows the user to rent the accessory they need. Also, we provide the option to the consumer of joining our prime membership at a minimum cost of $29.99 monthly, the benefits of joining our membership is that will maintain our items at a discount price. In addition, we will not require a deposit for a future purchase.Furthermore, our prime members will have the option to purchase an insurance plan for the items.. In purchase of insurance, if an item is ripped or destroyed, the cost will be covered by us. This will enable the customer, to not be liable and to be ultimately stress free while wearing the item. Our products will be the highest of luxury. If you want a handbag for an expensive weekend in the city with your friends or a nice watch for a business deal/interview, this website is the way to go. Our business is unique in supplying the needs of individuals that are not able to afford to purchase a luxury item. For customers that have the desire to wear a luxury item but not have the income to purchase we propose buyers to rent from Expresso lusso which is different from existing solutions because we promise high luxury items at a low cost and satisfaction guaranteed.

a. What is the size of your addressable market?

b. How much of your addressable market do you believe you can penetrate by your third year?

c. What sales level (units and dollars) do you believe is possible at the end of year five?

Reference no: EM131228464

Recommended entry strategy based on these industry

Chipotle Mexican Grill, the American Mexican food chain restaurant, opened its first restaurant in the United States in 1993. In 2010, Chipotle opened its first restaurant in

Design the perfect leadership development experience

If you were to design the perfect leadership development experience for yourself, how would you do so and what would it include? How would you know whether it was effective?

Business expected of technology of information for work

Considered that the use of business of Internet, intranets and extranet has changed what the people of business expected of the technology of information for their work? Expla

Food chain restaurant

Chipotle Mexican Grill, the American Mexican food chain restaurant, opened its first restaurant in the United States in 1993. In 2010, Chipotle opened its first restaurant in

About using technology for educational purpose

What are your thoughts about using technology for educational purpose? Generate a list of advantages and disadvantages of each type of technology in terms of its impact on you

Our society absorbs more people from different cultures

Human resources are critical to any business enterprise. Information reported in WORKFORCE 2000 suggests that we need to put an increased and continuing emphasis on nurturing

Wegmans food market based off the sales cycle template

Wegmans Food Market Based off the sales cycle template. Describe which customers will make up each section of the funnel (leads, suspects, prospects, customers) for Wegmans. A

Aspects of quality versus cost in manufacturing strategy

The US auto industry came to the brink of collapse in 2008 and has now revived with all the big three posting profits in 2012. One of the important observations of the new aut


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd