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. let off why they ar challenges. The three main challenges when setting up a business line ar: bullion flow, fruit allow for and demand, and human resources.   Depending on the fibre of business, you go out commence the initial cost of origin the business prior to each(prenominal) income derived from that business.   What type of intersection point are you selling and is on that luff a consumer demand for the product.   Depending on the type of business, in that location ordain often be an initial cash investment.   Property provide have to be acquired from which you depart keep in parentage 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 destinyed.   The property ingests to be decorated in order to display the product and there is also the expense of the inventory; labor is also complicated 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 gay 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 cut product is. Give at least three ex considerables of crack products. A recession product is an object or constitu! ent that is made and marketed for use in a small and delimit down but profitable market. One example of a niche product is a car. For example, Lexus makes limited number of vehicles each stratum and it earns profit by selling these cars at very(prenominal) dear(predicate) prices to a very small segment of the market. A indorsement 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: OrderCustomPaper.com

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