Business Essentials Assignment: Concepts of Marketing

Added on - 05 Jun 2020

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BUSINESS ESSENTIALS
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1PART A.......................................................................................................................................1PART B.......................................................................................................................................2TASK 2............................................................................................................................................3PESTLE Analysis........................................................................................................................3TASK 3............................................................................................................................................5Part A..........................................................................................................................................5Launching of Event.....................................................................................................................5Part B...........................................................................................................................................5Budget.........................................................................................................................................5TASK 4............................................................................................................................................6Different concepts of marketing..................................................................................................6CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONA business idea can help a person in solving various needs of the society, it canalso become the prime source of earning huge profit (Chen, 2013). This is based on''Quality construction''. They are offering solution relating to designing and constructionof the a building or any of its part. This assignment will explain the business idea alongwith the potential competitors of the organisation. Analysis like PESTLE will alsobecome part of this report, complete explain of an event launching will be done in thisfile. At the ned, this project will discuss about various concepts of marketing.TASK 1PART AThe opportunities in commercial activities is continuously increasing because thenumber of jobs is going down and young generation is focusing on staring theirbusiness. Their is still a huge scope in construction sector. The business idea of''Quality construction'' is to offer fast and best service to the clients. They use latesttechniques of construction which allow them to make better quality of building or anypart of building without involving huge cost. This organisation will take online orders andthey will also operate through their physical office (Evers, Andersson and Hannibal,2012). This business idea is good because most of the people want to get mesmerisinginterior and quality of construction at an affordable rate. This enterprise will offer themcreative and latest designing of interior.This idea can meet the needs of buyers, clients seek two things at the time ofconstruction good interior and branded material which is used in construction. Thisdemand can easily be met by ''Quality construction'' because they have capacity to offerinnovative design and they can use branded building material because their overall costof business can be brought down by using latest techniques of construction. Someconstruction company also offer same services which this organisation will offer but theycharge huge sum for their services.CompetitorsWhy they are competitorsBailey constructThis organisation is also using latesttechniques and their profitability ratio is1
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