Jewelry Industry

ASSIGEMENT Marketing_ Management_ My concept and model for condescension plan is to start the jewelry shop and earning nones as well as acquire assurance of customers and giving smiles on e realone’s face because in to 24 hours’s transaction world everybody’s of import bet is the money but my aim is to gain money as well as smiles and faith of the customers Threat of bad contend rivalry In my overlap line the intense divide is not a lot full phase of the moon(prenominal) and not much low. My business organisation is Indian tradition business and _it’s belong to the stack mood celebration and people community rules. In my business entry level is not tough for me because my family business is do silver and specious ornament and its any train miss from last 20 year by my father. So I plan to expand with new name by reservation jewelry and also sell in protest shop. b arely the entry cost is high as equate s ome other retail business because real gold and silver jewelry is not cheap its monetary value is very high at present. I also plan to suffer carriage (imitation) jewelry in my shop, because some people are very fashion concies. They want to look change on every day so real jewelry is not affordable for all people (except some celebrity). So they corresponding to wear fashion jewelry it’s cheap and more than fancies as compare real jewelry. Fixed cost is not much high it just regular expenses and interest cost.

If we go across our exit barriers is not much high because gold jewelry is very precious so we don’ t moderate much large(p) loss._ Ex. Ent! ry cost is app- $ 150000 to $160000 _ Reg exp app- $ 2000 to $2500 _ _ If we exit app– we make 20% great(p) loss_ Threat of new entrants . Threat of substitute products Our business conquer down not more threat of substitute product _because our business is making as well as change so we provide product as low price as compare some other and we have better(p) power team who make best design always for customer. Our merchandise channel is became good we offer...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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