Question

1. Develop a two column list for your new business. Label the first column “Normal” and...

1. Develop a two column list for your new business. Label the first column “Normal” and the second column “Unusual”. In the normal column, list everything that you will need to have (physically) and do (actively) just to be a player in the industry. In the second column, explain what your business will have or do that is rare or unusual compare to your competitors.

2. Why is it important to identify the orthodox (ordinary) elements of a new business?

1. Develop a two column 6 list for your new business. Label the first column “Normal” and the second column “Unusual”. In the normal column, list everything that you will need to have (physically) and do (actively) just to be a player in the industry. In the second column, explain what your business will have or do that is rare or unusual compare to your competitors.

2. Why is it important to identify the orthodox (ordinary) elements of a new business?

Homework Answers

Answer #1

SUPPOSE I AM STARTING A RESTAURENT . THE FOLLOWING ARE THE USUAL AND UNUSUAL ITEMS BELONGING TO THE INDUSTRY.T

USUAL UNUSUAL
1. tables 1. items names that are specific to our restaurent.

2. chairs

2. registred food recipies
3. servents 3. logo of our restaurent.
4. raw material related to food preparation 4. any other patents and trade marks.
5. cutlery equipments.

2) it is very important to identify orthodox elements bacause we have to compete with other competetors of the industry. we have to study the overall industry to know cost , profit and sales.

we can survive in one industry only when we have complete knowledge of our competetors and industry as a whole

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Question 1 Identify business processes from your own experience that may have been competitive at some...
Question 1 Identify business processes from your own experience that may have been competitive at some stage, but which seem at this point to be unnecessarily complex or outdated given what competitors offer? Question 2 Consider the following list and indicate which of these you would consider as process redesign initiatives. Motivate your answer and, if applicable, provide the links to the elements discussed. An airline has seen its profits falling over the past year. It decides start a marketing...
Competitive Analysis 1) Identify a business, market, or industry (your choice). Describe the overall business environment,...
Competitive Analysis 1) Identify a business, market, or industry (your choice). Describe the overall business environment, identifying the underlying determinants of both supply and demand for the participants involved. What are the elements that shape the market you have chosen? Are there currently any internal or external dynamic changes occurring? Are there surpluses or shortages? 2) Regarding supply, describe the primary fixed and variable costs involved. Which costs most affect production? Is the business experiencing diminishing returns of any kind?...
Competitive Analysis 1) Identify a business, market, or industry (your choice). Describe the overall business environment,...
Competitive Analysis 1) Identify a business, market, or industry (your choice). Describe the overall business environment, identifying the underlying determinants of both supply and demand for the participants involved. What are the elements that shape the market you have chosen? Are there currently any internal or external dynamic changes occurring? Are there surpluses or shortages? 2) Regarding supply, describe the primary fixed and variable costs involved. Which costs most affect production? Is the business experiencing diminishing returns of any kind?...
The Pilston family has been in the cookware or camping business (your choice) for over 60...
The Pilston family has been in the cookware or camping business (your choice) for over 60 years. They have always had a family member as president of the (your company name of choice). As the current president steps down, the founders’ remaining family members are not inclined or are unable to take over the business and have called you in as their consultant to perform the executive search. They know this will be a challenge based on several changes that...
You own a Barbecue Resturant, a) Choose two areas of public law that we're discussing in...
You own a Barbecue Resturant, a) Choose two areas of public law that we're discussing in this unit (Public Law Areas and The Practical Impacts of Public Law on Business) - administrative law and criminal law. You will opt to select administrative law as one area (since it deals directly with government regulation); be specific in answering the question of what your business will need to do (both at the outset and as a continuing practice) as a cost of...
John Maryland owns a small business in the Washington – Baltimore corridor with about 200 employees...
John Maryland owns a small business in the Washington – Baltimore corridor with about 200 employees and annual revenues of about $20,000,000. John Maryland, Inc. (JMI) manufactures, installs, integrates, and tests specialized electronics that are used in military and many hi-tech auto, rail, and avionics applications. In addition, JMI is one of only four US small-business companies that has access to, and is authorized to manufacture, certain specialized software and firmware that features encryption and other cryptographic algorithms that are...
1. Explain and give examples of the 5 existing business model patterns. 2. Can the business...
1. Explain and give examples of the 5 existing business model patterns. 2. Can the business below use that business model pattern? Explain. Overview- We are going to start a bakery business as I have my interest in bakery. This is going to be start-up business plan. The name of our Bakery would be “Bake It or Make It”. It would be managed by me along with my team of new bakers around the city. Opening a bakery at initial...
Pfizer was established in 1849 in Brooklyn, New York by cousins Charles Pfizer and Charles Erhart...
Pfizer was established in 1849 in Brooklyn, New York by cousins Charles Pfizer and Charles Erhart with a loan of $2,500 from Pfizer’s father.2 Today, 167 years later, Pfizer Inc. has international revenues of $49 billion, which makes it the second-largest pharmaceutical manufacturer in the world.3 Despite Pfizer’s success, the company has faced many challenges over the last few decades. The pharmaceutical industry is heavily influenced by legal, political, and technological forces, and all indications are that the industry will...
Which of the following is most likely true of your business strategy if you decide to...
Which of the following is most likely true of your business strategy if you decide to open a small local theater? You will need to get the top movies to compete directly with the theater chains You will not be able to succeed due to barriers to entry You will likely look to run independent films or otherwise avoid directly competing with theater chains Barriers to entry will be your best chance of achieving economic success Antitrust laws will probably...
Use the business developed below. Explain the 10 assumptions that you used in developing this business....
Use the business developed below. Explain the 10 assumptions that you used in developing this business. Overview- We are going to start a bakery business as I have my interest in bakery. This is going to be start-up business plan. The name of our Bakery would be “Bake It or Make It”. It would be managed by me along with my team of new bakers around the city. Opening a bakery at initial stage would involve a lot of investment...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT