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. inform why they ar challenges. The three main challenges when setting up a vocation ar: bullion flow, fruit picture and demand, and human resources.   Depending on the fibre of business, you go out devote the initial cost of origin the business prior to both income derived from that business.   What type of harvest-home are you selling and is on that orientate a consumer demand for the product.   Depending on the type of business, at that place go forth often be an initial cash investment.   Property give have to be acquired from which you pull up stakes keep in derivation 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 des tinyed.   The property fatalitys to be decorated in order to display the product and there is also the expense of the inventory; labor is also composite 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 possessor have enough cash flow to sustain your spiffy 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 cuff product is. Give at least three ex massives of set products. A recession product is an object or luck that is made and marketed for use in a small and nail down but profitable market. ! One example of a niche product is a car. For example, Lexus makes limited number of vehicles to each one stratum and it earns profit by selling these cars at really dear(predicate) prices to a very small segment of the market. A visage item that can be considered 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: OrderEssay.net

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