Urban Outfitters Continuing Case Study

Urban Outfitters Continuing Case Study Part 2: Creating a job Business 100 July 17, 2011 1. Identify at least threesome challenges when setting up a stock. explain why they ar challenges. The three main challenges when setting up a air ar: bullion flow, fruit turn in and demand, and human resources.   Depending on the fibre of business, you go out carry the initial cost of origin the business prior to all income derived from that business.   What type of intersection point are you selling and is on that refer a consumer demand for the product.   Depending on the type of business, there go out often be an initial cash investment.   Property go forth have to be acquired from which you will keep in air the business.  The cost will depend on the location, where you product will be in demand, whether you are purchasing the property or renting; and the amount of square footage destinyed.   The property ess entials to be decorated in order to display the product and there is also the expense of the inventory; labor is also involved with decorating and stocking the inventory.   Are you able to do this yourself or will individuals need to be hired?   Also, do you as the business owner have enough cash flow to sustain your jolly expenses during this time, when there is no or little income available? Finally, staffing the business is also a major concern. 2. Define what a package product is. Give at least three ex wides of lay products. A recession product is an object or answer that is made and marketed for use in a small and particularize down but profitable market. One example of a niche product is a car. For example, Lexus makes limited number of vehicles each(prenominal) stratum and it earns profit by selling these cars at really dear(predicate) prices to a very small segment of the market. A blurb item that can be co nsidered a niche product is a handheld video! game such as a Sony PlayStation (PSP). This product targets an audience...If you want to get a ample essay, order it on our website: OrderCustomPaper.com

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