31 Oct , please respond to the following
“Operations”
For this week’s discussion, please respond to the following:
- How would your NAB business work in term of operations (production, inventory control, distribution, customer service, research and development, etc.)?
Notes:
- You will have to include all the equipment, technology and personnel listed in your NAB Company Portfolio from your business plan. The information is located under Note #2 in the portfolio.
- You must use the information from the NAB Portfolio first and then you can add to it.
- Check out Chapter 11: Operations to learn more. You will use this week’s information in Assignment 3.
To help you get started with Week 5 Discussion
Operations:
Describe the day-to-day functions of your company (include the appropriate information from the NAB portfolio-notes # 1 and 2). Use numbers (cost) from the portfolio and your business plan as applicable.
How will you run your business? Consider the following areas:
- Facilities
- Production process: how will you produce the product
- Inventory control- how much inventory you will have
- Distribution- how will you distribute the product
- Customer service- how will you handle customers and returns
- Research and Development- how will you improve the product and how will you continue to search for new combinations/ flavors
- Etc.
Resources:
- Chapter 11- Operations- for information, worksheets, and a sample plan
- Video overview of how to approach this discussion below:
Goal: Submit by Wednesday.
Wk 4 feedback
Gregory –
Great post! I really like your idea of using YouTube sponsorships in your online marketing efforts. You also make an excellent point about the bottle’s visibility. Even if the user ignores the commercial’s message, they will still receive a visual impact that will help them recognize the bottle when they are, for example, at a store or an event where it is available. Do you happen to know how the expense fluctuates or if there are any best practices for maximizing penetration while minimizing cost? I know we have limited marketing budgets but I might follow your lead in this area if it works into my budget.
Thanks so much,
Kate
Hi Kathryn,
On average, businesses pay an average YouTube advertising cost of $0.10 to $0.30 per view or action, with an average $10 daily budget. That means every time someone views your ad or engages with your ad, like by clicking on a call-to-action, you pay around $0.10 to $0.30. With that said, you can open up your advertisement action (ie rolling advertisement or ad pop-up) to action everyday, every hour, or every minute or you can set a limiter to fit your budget. I think our given budget is only about $5,000. So looking for an efficient cheap marketing vehicle is key and I think YouTube fits the bill for my target market of millennials and Generation Z’ers.
Greg
RE: Week 4 DiscussionCOLLAPSE
Gregory,
Thank you for posting early! Good plan! As you approach your promotional strategy, you will always consider all the information you researched about the target market, where they shop, live and ” play”. You must be where your target market is, otherwise, you should not spend money to advertise there.
Keep up the good work.
Dr. B
Dr B.
Thanks for the valuable feedback.My Marketing strategy is target HS Football games, Activities are the University of Texas at Arlington (UTA), UT Dallas, University of North Texas , parks, youth events, etc. I am staying in within my 100 mile radius to allow the face to face marketing aspect of my budget to effectively market my product.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.