What type of product-service should i sell

Assignment Help Microeconomics

Reference no: EM133537186

Assignment:

Create Your Own Business

Performance Task

Throughout your Economics course this semester, you will apply your classroom knowledge to real business world tasks. The information you obtain during this unit and decisions you make will allow you to complete your primary portfolio goal: to design a small business plan for a product or service that you can successfully sell to consumers in the current economy.

Many of your tasks will serve as actual components of your small business plan; others will guide you to make decisions about these components. All the projects will help you answer countless questions as you prepare to operate a business, such as:

o What type of product/service should I sell?

0 Who will purchase my product and why?

0 Slogan

0 Logo

0 Who are my competitors?

0 How will advertise or market my product? Create an advertisement.

0 How will I determine the price of my product?

0 What kind of business will I operate and manage?

0 How much money and capital do I need to start my business?

0 What are my short-term and long-term goals for my business?

Although this portfolio will conclude with the written business plan, you will ultimately be the one to decide if you wish to launch your plan. Part of this portfolio will guide you to assess the qualities that successful entrepreneurs possess and help you decide if you have the interest and ability to promote your ideas into a real business world success. Starting and operating a small business is a difficult task.

Reference no: EM133537186

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