Bstm-307 Seatwork 1 Question Sti College (Multiple Campuses)

This study source was downloaded by 100000865965430 from CourseHero.com on 06-14-2023 09:27:57 GMT -05:00https://www.coursehero.com/file/198396563/07-Seatwork-1-Taypa-2docx/ Taypa, Pamela C.BSTM-307 Seatwork 1Question 1Mr. Pyeong created his product without understanding the market or the users. He started doinghis business by just establishing and producing it the way he thought it should be. At first, it waspatronized because it is new to the market. Many people bought it upon production. Imagine a milk teain a can. Aside from the idea that he believes that the environment matters, he claimed that it is handycompared with the usual one. Without projecting possible changes in the market and consumerpreferences after two (2) months, the profit he gained from its opening doubled as losses.Answer:Always remember putting a business, it is necessary to determine the target market or usersbecause they are the ones who will patronize the product. Mr. Pyeong must consider the business planto study if it is a good location and the best product for the target market. Being a businessman, thinkabout the future or what changes can happen to lessen the losses on the business.Question 2Ms. Dal Mi opened her new salon and spa nearby a coffee shop next to her condominiumbuilding. She sees that many people