Answer to Question #199795 in Management for Amit

Question

“Clingers Gold” 

Answer 1

a) The present trademark designation is the most effective to employ since many individuals already distinguish its presence therefore it will be tranquil for it to develop because new members will enhance the number of existing clients.

b)

1. Essential Knowledge and Skills

Research on different and enhanced procedures to stand out from market rivals.

2. Market or Demand

He must reflect on demand and market scope for the products, which will consist of the expected growth potential and profit margins.

3. Start-up Budgets

He will have to evaluate the entire budget necessary to create and manage the company effectively.

4.Capital and Finance

This largely consists of the capital, which one can present from savings and the resources borrowed from a lender.

5.Competition

He must distinguish his market rivals and what to implement to stay alive in a competitive market.