Shawna's business advisor asks her, "Wil your products be used by the end consumer, or will they be purchased by businesses to create other products?" What will her answer help determine?
(1 point)
• Item 5
Item 6
• Whether or not she will need a marketing plan
• Whether or not she will receive government investors
• Whether or not she will create industrial or consumer goods
• Whether or not she will have a profitable business
• Whether or not she will create industrial or consumer goods
Shawna's answer to whether her products will be used by end consumers or purchased by businesses to create other products will help determine whether or not she will need a marketing plan. If her products are intended for end consumers, she will likely need a marketing plan to promote and sell her products directly to them. If her products are intended for businesses, she may focus more on business-to-business marketing strategies.
Shawna's answer to her business advisor's question will help determine whether her products will be used directly by the end consumer or if they will be purchased by businesses to create other products. This determination is important for several reasons:
1. Whether or not she will need a marketing plan: If her products are targeted towards end consumers, she will likely need a marketing plan to reach and attract those consumers. On the other hand, if her products are primarily sold to businesses, her focus may be more on establishing business-to-business relationships and marketing strategies.
2. Whether or not she will receive government investors: Depending on the nature of her products and the market she is targeting, Shawna may be eligible for government grants, funding, or support programs. Understanding her target market will help determine if her products align with any government initiatives.
3. Whether or not she will create industrial or consumer goods: If her products will be used by businesses to create other products, she will be more focused on producing industrial goods. On the other hand, if her products will be used directly by end consumers, she will be producing consumer goods.
4. Whether or not she will have a profitable business: The answer to the business advisor's question will also indirectly impact the profitability of her business. Understanding her target market and customer base will influence her pricing, sales strategies, and overall business model, all of which contribute to the financial success of her business.
In summary, Shawna's answer to the question about the end consumer versus business purchasers will help determine the need for marketing plans, potential government investors, the type of goods she will be producing, and ultimately the profitability of her business.