{"id":1051,"date":"2023-02-13T00:51:42","date_gmt":"2023-02-13T00:51:42","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/three-part-business-assigment\/"},"modified":"2023-02-13T00:51:42","modified_gmt":"2023-02-13T00:51:42","slug":"three-part-business-assigment","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/three-part-business-assigment\/","title":{"rendered":"Three Part Business Assigment"},"content":{"rendered":"<p>PART 1- CREATE A BUSINESS<\/p>\n<h4><strong>Overview<\/strong><\/h4>\n<p>With this assignment, you have the opportunity to take your creative ideas to the next level and begin to develop a strategy that will form the foundation for a successful business.<\/p>\n<h4><strong>Instructions<\/strong><\/h4>\n<p>Write a 3\u20134 page paper in which you:<\/p>\n<ol>\n<li>Develop an idea for a prospective small business and select a name for the company.<\/li>\n<li>Identify its key competitors and summarize the strengths and weaknesses of one of the competitors.<\/li>\n<li>Prepare a mission statement that encompasses the purpose of the business and considers its target market.<\/li>\n<li>Identify the ownership form for this business, taking into consideration tax implications, liability exposure, managerial ability, and cost of formation.<\/li>\n<li>Include at least two references outside the textbook. For help with research, writing, and citation, access the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/library.strayer.edu\/home\"><u>Strayer Library<\/u><\/a> or review the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/library.strayer.edu\/bba\"><u>Bachelor of Business Administration Library Guide<\/u><\/a>.<\/li>\n<\/ol>\n<p><\/p>\n<p><\/p>\n<p>PART 2 &#8211; FEASIBILITY ANALYSIS<\/p>\n<p><strong>Overview<\/strong><\/p>\n<p>With this assignment, you will be addressing the fundamental question: Does this business have profit potential?<\/p>\n<h4><strong>Instructions<\/strong><\/h4>\n<p>Refer to the same business you described in part 1, Creating a Small Business, and write a 3\u20134 page paper in which you:<\/p>\n<ol>\n<li>Conduct a feasibility analysis by researching and analyzing each of the following topics and indicate how your business occupies that specific space:\n<ul>\n<li>Industry and market feasibility.<\/li>\n<li>Product or service feasibility.<\/li>\n<li>Financial feasibility.<\/li>\n<li>Entrepreneurial readiness.<\/li>\n<\/ul>\n<\/li>\n<li>Explain whether the business idea needs to be modified, changed significantly, or abandoned based on your feasibility analysis. (<strong>Note:<\/strong> If you abandon the business idea, then you will need to select and analyze a new business that has profit potential.)<\/li>\n<li>Include at least two references outside the textbook. For help with research, writing, and citation, access the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/library.strayer.edu\/home\"><u>Strayer Library<\/u><\/a> or review the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/library.strayer.edu\/bba\"><u>Bachelor of Business Administration Library Guide<\/u><\/a>.<\/li>\n<\/ol>\n<p><\/p>\n<p><\/p>\n<p><\/p>\n<p><\/p>\n<p><\/p>\n<p>PART 3- MARKETING PLAN<\/p>\n<p><\/p>\n<h4><strong>Overview<\/strong><\/h4>\n<p>With this assignment, you will address some of the basic areas within a marketing plan and help to refine your strategies for creating a successful business.<\/p>\n<h4><strong>Instructions&nbsp;<\/strong><\/h4>\n<p>Using the business from the assignment, Feasibility Analysis, write a 3\u20134&nbsp;page paper in which you:<\/p>\n<ol>\n<li>Identify its primary target market. Explain your response.<\/li>\n<li>Specify three methods you will use to research customer needs and wants.<\/li>\n<li>Describe the marketing mix: a) product, b) pricing strategy, c) promotion and d) placement or distribution.<\/li>\n<li>Create a one-year advertising budget and plan that incorporates the use of various advertising media and publicity.<\/li>\n<li>Include at least two references outside the textbook. For help with research, writing, and citation, access the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/library.strayer.edu\/home\"><u>Strayer Library<\/u><\/a> or review the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/library.strayer.edu\/bba\"><u>Bachelor of Business Administration Library Guide<\/u><\/a>.<\/li>\n<\/ol>\n<p>This course requires the use of Strayer Writing Standards (SWS).&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PART 1- CREATE A BUSINESS Overview With this assignment, you have the opportunity to take your creative ideas to the next level and begin to develop a strategy that will form the foundation for a successful business. Instructions Write a 3\u20134 page paper in which you: Develop an idea for a prospective small business and [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[210],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/1051"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=1051"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/1051\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=1051"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=1051"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=1051"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=1051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}