Tuesday, September 10, 2019
None Essay Example | Topics and Well Written Essays - 500 words - 27
None - Essay Example Specializing in a single field is thus very important. This will enable someone to become skilled and therefore will find ways to attract the majority of customers. Having a variety of product may make the buyer feel that they are of less quality compared to that one person with a specific product. Therefore, it is important for an individual to focus on one product (Wiid, 96). Specializing in a specific product is very important. This is because people that are familiar with your kind of work will always think of you when they find someone a specific type of service since they know that you so good at. This position is identifiable within a subculture where the people involved are so passionate about a specific act, an example is Dave Company. This is not just but a regular bar and a restaurant, but rather it is also a place with video game meant for the adults (Hague, 89). They have found a position where adults comfortable do take beer, play games without having to deal with cases of people running around with quarters or screaming childrenââ¬â¢s that they are competing with. It is important to identify a suitable geographical place to place a business. Later one is to identify what the people within the location really want. This will help one package their product and services so that they benefit the people. This will enable the business to receive the maximum profit within a short span of time. Creating effective communication among the buyers and the sellers is also important. This will help provide more insight to what the majority of people expect. One will also identify the major gaps within the business and sell them (Wiid, 100). Identifying the problems people within a geographical location do face is also important. This helps identify products that are most needed in the geographical area. Through consideration of such factors, one will be able to identify a suitable market. Brainstorming on how the problems
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