Description
You are a new small business owner focused on selling healthy pet food/products in a small town. You are struggling to bring in new customers and develop a name for your store.
Address the following in 525 to 700 words:
- Identify several key business strategies that the business should consider
- Compare the business strategies you selected and determine which would be the most useful for your current situation
- Select examples of business strategies that could be utilized to bring in customers and develop a plan for improving the reputation of the business that will bring customers back
- Determine the metrics that you will use to evaluate your selected business strategy for effectiveness
Explanation & Answer
Here you go. In case of any further inputs, please let me know.All the best!I appreciate working with you!
Running head: BUSINESS STRATEGIES
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Business Strategies
Name
Course
Professor
Date
BUSINESS STRATEGIES
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Business Strategies
Business strategies are the high-level plans that target specific business objectives like
reputation and revenue target. It also involves the set of actions that can assist a business owner
to achieve the business objectives. Entrepreneurs can use the strategies in securing competitive
positions in the market and please customers. From the case, the pet products shop can use the
business strategies in mobilizing resources, securing an advantageous position, and directing
efforts and behavior. The strategies can help the business owner to use the available resources in
counterbalancing the weaknesses it has like struggling to acquire new customers and developing
a name for the store anew. Most significantly, understanding the strategies and implementing
them could help the entr...
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