Formation of Business Idea Assignment Example | Topics and Well Written Essays - 4500 words

Formation of Business Idea - Assignment ExampleOne of the strengths loosely includes the effective utilization of cost leadership strategy, wherein the company would import products from either India or China overdue to which the company can tag a lesser price for its backpacks and luggages as compared to its customers. well-nigh vitally, the competency level of Pack-a-Stack would be quite high, as it would recruit skilled and experienced employees that will for sure help the company in commercializeing and sell its broad assortment of product offerings.The initial start-up not bad(p) for Pack-a-Stack will be quite high, due to which the company might be exposed to various investments associate risk. Likewise, another weakness for the company would be that the customers bargaining power would be quite high as the customers might opt for other brands.Pack-a-Stack can expand its market share by entering into a new business market. The company will also have a future scope of vari egation by entering into the tourism industry through its brand recognition.Pack-a-Stack while entering the business market of the UK will face a huge threat relating to entry of its competitors. Likewise, change in the economic nail down of the UK might result in a reduction of demand for backpacks and luggages, which would make quite herculean for the company to sustain in the UK business market.It is expected that the fund for the business will be store from two sources namely bank loan and owners capital. In order to finance the launching activities such as the creation of infrastructure, purchase of stocks and assets and hire employees among others, a loan amount of 76, 000 would be required. On the other hand, in the flesh(predicate) capital of about 53, 000 will be used in order to spend for the purpose of merchandising and other administrative aspects.