Investigating Business Opportunities: A Report on Bounce Fitness
VerifiedAdded on  2023/06/12
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Homework Assignment
AI Summary
This assignment delves into the business opportunities available to Bounce Fitness, beginning with an identification of the fitness and gym industry to which it belongs, noting its strong growth in Australia over the last five years. It highlights key industry trends such as higher intensity interval training and health and wellness coaching, alongside demographic changes impacting worker productivity. The analysis identifies Bounce Fitness's products (protein powder, pre-workout powder) and services (training at consumer facilities, shower and locker facilities, aerobic classes). Furthermore, the report identifies F45 Training and Crunch Fitness as competitors, detailing their product offerings (energy drinks, protein powders) and services (quality training, locker services, steam baths). The assignment also examines the competitor's marketing activities, focusing on social media advertising, personalized exercise programs, and comprehensive personal training services, emphasizing the competitor's attention to individual fitness levels and targeted marketing strategies aimed at both male and female demographics.
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