E-Commerce Homework
Your Company
For this assignment, you will become the CEO of a new company. You will begin by describing this new company. You will use this company in future assignments. Write a paper summarizing the following questions.
For your new company, you will need a description of the product or service.
Identify the market by answering the following questions:
• Who could be your potential customers for this product or service?
• Who could be your potential competitors for this product or service?
• What information would you seek about potential customers and competitors-list questions you would want answering.
• How will you find out this information-what kind of market research would you do?
• What do you think are the growth possibilities for this company?
Here is a list of some example companies. You are not limited to these examples. These are only examples to help you develop your new company idea.
Example businesses:
1. Growing retailer of non-perishable consumer products (electronics and books)
2. Small but flourishing local business with one or two locations (florist and pizza restaurant)
3. Medium-sized manufacturer struggling in a challenging market (automotive and electronics)
4. Medium-sized service organization with several locations (law firm and accounting firm)