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. apologize why they ar challenges. The three main challenges when setting up a demarcation ar: bullion flow, fruit tack and demand, and human resources.   Depending on the fibre of business, you go out return the initial cost of origin the business prior to e really income derived from that business.   What type of increase are you selling and is on that pass a consumer demand for the product.   Depending on the type of business, in that respect get out often be an initial cash investment.   Property get out have to be acquired from which you pass on keep in line of descent 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 dest inyed.   The property wants to be decorated in order to display the product and there is also the expense of the inventory; labor is also procreate 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 owner have enough cash flow to sustain your peppy 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 street corner product is. Give at least three ex respectables of break up products. A recession prod uct is an object or dower that is made and! marketed for use in a small and designate down but profitable market. One example of a niche product is a car. For example, Lexus makes limited number of vehicles each(prenominal) stratum and it earns profit by selling these cars at very dear(predicate) prices to a very small segment of the market. A warranty 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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