Business Foundations | Assignment

Added on - Nov 2020

Trusted by 2+ million users,
1000+ happy students everyday
Showing pages 1 to 3 of 10 pages
Portfolio(Foundation BusinessEssentials)
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Part A..........................................................................................................................................1Part B...........................................................................................................................................2TASK 2............................................................................................................................................3PESTEL analysis:........................................................................................................................3TASK 3............................................................................................................................................5PART A.......................................................................................................................................5TASK 4............................................................................................................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8.........................................................................................................................................................9
INTRODUCTIONBusiness plan can be explained as a formal blueprint document consists of business aims,objectives, type of innovated product, targeted customers, marketing strategy, financialbackground as well containing a projected profit and loss account. The main purpose ofdesigning a business plan is to satisfy the emerging needs of the customers as well as to growbusiness successfully across the globe. Rits.S is a online store in UK market. The firm is dealingin clothing sector. The website link iswww.Ritis.S. The new product is flower print jeans forgirls. This report includes a new business plan where the objectives, key competitors, targetedcustomers etc. are clearly framed to meet the customers needs. Pestel analysis and marketing4Ps is also done to understand the environment more clearly so that targeted customers can beattracted to the product (Anthony and Garner, 2016). As well as budgets is framed out likeopening will be done by celebrity social gathering will done, media conference etc. will be doneto make customers aware about the product and the firm.TASK 1Part ARits.S is a online store in UK market dealing in clothing sector. Opening a online store inclothing field is good idea because in today's era of 21stcentury people are more attracted toonline shopping because of their busy business schedule. This helps the time as customers cansearch their necessary products or services at any time at any point of time. Whereas, onlinestores gives a wide range of product with attachment of price, customers rating about the goods,shipping cost, discount, variations in products like saree, high waist jeans, ankle length jeans,jeggins etc. which helps the customers take right decision without bargaining with other client.The innovative product which Rits.S is launching is Suns cream which will help the customers toget rid of sun burn or tanning due to sun in summers. It will also protect the sensitive skin ofwomen form UV rays during the hot summers. Due to the raising global warming across theglobe temperature of the earth is increasing day by day due to which Firm has made a innovativeproduct to protect their consumers from sun. It is not still meet by the existing businessesbecause it a emerging cause taking place in the market.New business Rits.SCompetitors in the marketReason why are existingbusinesses are competitors.1
Desklib Logo
You are reading a preview
Upload your documents to download or

Become a Desklib member to get access