Business, 25.06.2019 11:00 catcat252525

What are the six stages of a business

Answers: 2

Show answers

Answers

Answer from: tilacohen

the six stages of a business are :

1. Creation

2. Assessments

3.Planning

4. Development

5. Testing

6. Launch

Answer from: joset238

Creation
Brainstorming is the key to concept creation. You must also keep track of all the ideas that are generated. At this point all the ideas will be varied and potentially relevant. You must then review each idea to determine its appropriateness. Evaluate each idea and determine which one is most valuable and will generate the most profits.

Assessment
Concept assessment involves market research where information about your idea is collected and analyzed. It is essential for a small business owner to conduct market research to determine whether the concept is viable. The owner must understand his target market, what the market needs and is looking for and what the market is willing to pay for the product or service. You must assess all aspects of the idea before moving on to the next stage.

Planning
You must create a thorough business plan. Within your business plan, you must clearly identify your business’s goals. Provide information about your balance sheet, income statements and cash flow. A well-defined business plan will steer the business in the right direction and will increase the chances of having a successful product launch.

Development
During this stage, you will take your concept and put it into into concrete form. You will develop a prototype of your product that you can offer to the market. You should also create manufacturing and operations processes, plans for your marketing launch and your market testing plans.

Testing
This stage involves a test market that is as close to a real market situation as possible. You will release your prototype into the public marketplace. Your prototype is tracked and your market test results should confirm that this is a valid idea to move forward as a product.

Launch
A successful product launch should address whether the appropriate number of products exists, whether you have correctly planned and executed your marketing activities, whether all of the appropriate documentations have been developed and whether your employees are properly trained and ready to support the product.

Answer from: Quest

commercial banking

provide online payment services

provide online banking

asset management firms

invest in people's funds in securities

accept tax return refunds

Answer from: Quest

answerinnovative culture;

Another question on Business

Business, 21.06.2019 19:40

Your mother's well-diversified portfolio has an expected return of 12.0% and a beta of 1.20. she is in the process of buying 100 shares of safety corp. at $10 a share and adding it to her portfolio. safety has an expected return of 15.0% and a beta of 2.00. the total value of your current portfolio is $9,000. what will the expected return and beta on the portfolio be after the purchase of the safety stock?

Answers: 3

Answer

Business, 22.06.2019 05:40

According to the philosopher immanuel kant, the right of employees to know the nature of the job they are being hired to do and the obligation of a company not to deceive them in this respect is mainly reflective of the basic right of . privac yb. free consentc. freedom of speechd. freedom of consciencee. first refusal

Answers: 1

Answer

Business, 22.06.2019 17:00

Oliver is the vice president of production at his company and has been managing the launch of new software systems. he worked with a team of individuals who were tasked to create awareness about a specific product and also to approach potential purchasers of the product. which department managers were part of oliver’s team?

Answers: 3

Answer

Business, 22.06.2019 22:00

You wish to retire in 13 years, at which time you want to have accumulated enough money to receive an annual annuity of $23,000 for 18 years after retirement. during the period before retirement you can earn 9 percent annually, while after retirement you can earn 11 percent on your money. what annual contributions to the retirement fund will allow you to receive the $23,000 annuity? use appendix c and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods.

Answers: 1

Answer

You know the right answer?

What are the six stages of a business...

Questions