Business follow up | Management homework help

 

Follow-Up Post Instructions

Respond to below post to further the dialogue by providing more information and clarification.  two paragraph two scholarly article intext citation and reference. 

Consider the following –

  • How well was the competitive advantage analyzed?
  • In your opinion, would the marketing work? Why or why not?
  • What else would you propose to help your peer market his/her product or service?”

 post 

My business I proposed is a wedding and entertainment venue, targeted to anyone looking for a place to hold a wedding or event that is interested in a rustic farm venue. More specifically those who cannot afford the higher end venue settings. Our competitive advantage is the affordability since we are not using our venue as an income but retirement.

We will use the five elements of the marketing mix: product, price, place, promotion, and people. Our product is our price point for the quality of venue we are offering. According to Gitman (2018, para. 2) “marketing strategy typically starts with the product”. Our product is high quality venue settings at lower than market cost. Our pricing will be focal point of what attracts our market, we want to cater to those who otherwise could not afford what we offer. The place we will be conducting the venue is on our personal property that includes settings to include:

  • Rustic Barn with seating and dance floor area
  • Chapel and seating
  • Outdoor area with fireplace and seating
  • Concert area
  • Arena
  • Rental cabins 

Our promotion strategy will be social media and word of mouth. According to Wolf (2015) “If your brand is present on multiple social networks, your potential users and customers can become better acquainted with your product or service – this in one of the main benefits of social media”. We feel that the people will come because of our uniqueness, we do not want to limit anyone from enjoying what our business will have to offer. It is more than just a business it is a life mission for us to others.  

References

Gitman, L.J., McDaniel, C., Shah, A., Reece, M., Koffel, L., Talsma, B., & Hyatt, J.C. (2018) Introduction to business. Retrieved from https://openstax.org/details/books/introduction-business (Links to an external site.)

Wolf, D. (2015). The Real Power of Social Media Marketing. B2B Marketing. https://www.b2bmarketing.net/en/resources/blog/real-power-social-media-marketing#:~:text=Social%20media%20allow%20business%20to,a%20certain%20level%20of%20transparency

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more