New Business Proposal - Research Paper Example

Comments (0) Cite this document
Marketing the product will be less difficult since there is an existing market for other products. It was evident that the introduction of the new product into the market would…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.9% of users find it useful
New Business Proposal
Read TextPreview

Extract of sample "New Business Proposal"

Download file to see previous pages The needs of the customer are vital because they help in making changes for the product such that it conforms to their needs (Stark, 2011). Providing a product that suits customer’s needs in terms of size, price and other characteristics will enhance revenue generation due to increased sales (Stark, 2011). The revenue will increase by creating a new product line extension. This process entails bundling the new product with the existing products by using a similar brand name.
Apart from improving the name of the brand, the process will act as criteria for marketing the new product (Stark, 2011). As the product gains customers, it is possible to perform an analysis of the market in terms of demand and elasticity. This determines how customers will respond to any changes in price. If demand appears to be inelastic, it will be convenient to increase the prices of the commodity in order to generate sufficient revenue. When demand is inelastic, the amount of sales remains unaltered, meaning that a slight increase in price will result in high revenue (Stark, 2011).
Determination of the profit-maximizing quantity requires understanding of basic concepts of total revenue and total cost (Stark, 2011). After performing the sales of the new product, there will be a need to determine the gain at each sales level. This computation shall involve a consideration of all costs including labor plus other variable costs. It is possible to determine the profit maximizing quantity by first computing the marginal profits after the sale and finding where the marginal revenue becomes identical to the marginal cost (Stark, 2011).
In this case, the formula: marginal profit= marginal revenue – marginal cost, will apply. If the marginal revenue is higher than marginal cost, it means that there will be a marginal gain (Taylor & Weerapana, 2012). In order to maximize profits, the business shall ensure reduction of marginal costs and improvements in ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“New Business Proposal Research Paper Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from
(New Business Proposal Research Paper Example | Topics and Well Written Essays - 1250 Words)
“New Business Proposal Research Paper Example | Topics and Well Written Essays - 1250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF New Business Proposal

Taking over and expanding an existing business as a new owner:a business plan proposal

...? Taking Over and Expanding an Existing Business as a New Owner: A Business Plan Proposal Certification of Authorship I certify that the attached paper is my original work. I affirm that no section of this paper has been submitted previously and that all sources have been included for any material that was paraphrased, quoted, or used for this document and have been listed in the reference section. I have used quotations marks for any citations less than 40 words and referenced it in the text. All of the charts, graphs, tables, and images have been created by me using Excel and Word. No information included in this paper is copyrighted, trademarked, or intellectual...
14 Pages(3500 words)Research Paper

Business Proposal for a new international SME

...?Business Proposal for a New International SME Executive Summary The prime aim of the study is to prepare a business proposal for a SME i.e. Practicus, a UK based recruitment consultancy. The study has looked into the business prospect for Practicus in the Indian market. India, as an emerging economy is increasingly attracting investor throughout the world to her shores. The service sector in India, which is one of most attractive sectors in India in terms of FDI inflows, provides immense opportunity for Practicus. The business proposal has looked and analyzed the various aspects in relation to doing business in India such as economic, political, legal, trade and cultural aspects. The competitive advantages and disadvantages... sustainable...
12 Pages(3000 words)Assignment

New Business Proposal

...., 2007. Public ‘concerned on environment’. The Telegraph. [online] Available at [Accessed 22 February 2012] Green.Kit, 2011.Why use cloth shopping bags? [online] Available at: [Accessed 22 February 2012] Winterman, Denise., 2007. It’s in the bag, darling. BBC News. [online] Available at: [Accessed 22 February 2012]... ASOS Introduction: Increasing awareness of the harmful implications of several of the products that we use in our daily lives has grown theconcern for our environment over the past few years. With this increasing awareness, there ...
4 Pages(1000 words)Essay

Individual Proposal to Change or Add a Policy, or Create New Business

...? [Supervisor Proposal to Change Summary I have a proposal to let go of the traditional business system of grocery shopping and develop a virtual system which could help the business in rebranding, managing and promoting its products more effectively. Incorporating of management systems is also a part of this idea. The idea is to generate more sales and to offer customers and employee convenience. Convenience shall be offered to the customers that they will be able to shop only while sitting at home without so much of as making an effort specially for working women who hardly have the time to go for groceries while managing their homes. The virtual system would also...
3 Pages(750 words)Research Paper

New service development proposal

...?New Service Development Proposal Table of Contents Introduction 3 Analysis of Environment and the Existing Service 3 PEST Analysis 3 Political Environment 3 Economic Environment 4 Social Environment 4 Technological Environment 4 Existing Services 5 Consumer Behaviour towards the Museum Sector of UK 5 Results of Research and Justifications for the New Services 6 New service development process 9 Adding Value for the Customers 11 Conclusion 12 References 14 Bibliography 16 Introduction In its recent endeavours, Derby museum has been seeking to introduce new services in order to make it more attractive and delightful for the people visiting the museum and spending their valuable time there. Contextually, the service proposed through... with...
8 Pages(2000 words)Assignment

Business Proposal

...? Business Proposal The introduction of the new flavor yogurt by ramptons milk industries has made the company to position the product in the market. The product was developed to meet the high demand of yogurt in the market. Revenue maximization being one of the goals for any given company, ramton’s company has made a broad step to increase revenue. This has been achieved through strategies that were formulated to increase the revenue earned by the company. These strategies were; to increase on the quantity sold, through increasing the expenditure of the customers. The managerial department has ensured quality design, employment of quality and qualified labor in order to make the production process efficient and successful. Profit... ...
3 Pages(750 words)Research Paper

Business proposal for opening a new Apple store in Chile

...? Apple store in Chile Table of Contents Table of Contents 2 Apple store in Chile 3 Competitive Environment 4 Marketing Plan 5 Works Cited 9 of the Student: Name of Professor: Course: Date: Apple store in Chile In this proposal, the researcher will try to create a feasibility report for opening an Apple store in Chile. According to Organization for Economic Co-operation and Development (OECD) report published in 2012, Chile depends heavily on its exports of metals and the business environment faces lack of competitive pressure which can bring innovation. The report has also pointed out that domestic companies in the country adopt innovation by importing technologies. However, according to report published...
7 Pages(1750 words)Research Proposal

Business strategy report proposal: Choose a business. This should be listed on the London (FTSE) or New York stock exchanges. Research current strategies using on-line or hard copy sources. Recommended info using Datamonitor

...Business Strategy Proposal Contents Contents 2 Introduction 3 Background information 3 Research plan/ Task 4 Justification 4 Conclusion 4 References list 6 Introduction Following the recent global financial crisis, there is a need for financial institutions to re-evaluate their business strategies to avoid extinction (Shiller, 2008). This paper seeks to develop a business strategy proposal for Barclays. Background information Barclays is one of the largest financial institutions in the UK. It offers services in over 50 countries in the world. The sub divisions of the bank include Barclays Capital, Barclays Corporate, Barclaycard, and Barclays Wealth....
2 Pages(500 words)Essay

Proposal new

.... To be able to maintain its good reputation with the customers, there is also need to look at the human resource policies. This will help to avoid cases that would damage the company’s reputation as seen in 2008 when an employee insulted and assaulted his superior officer (Khaleej Times, 2008). 3. Proposal 3.1 Research Questions The main objective of this study is to analyze the human resource policy at DEWA and to make any recommendation needed to improve these policies. While conducting the research, the specific objectives will include; 1. To analyze and improve the selection and recruitment process at DEWA. 2. To review the existing the pay and reward system at DEWA. 3. To analyze and improve employee development...
2 Pages(500 words)Essay

New business proposal

...difficult for the company to achieve success in penetrating the American market without ban elaborate and effective marketing strategy. This paper contains the marketing strategy that the organization should use, and the estimated financial flow that the project intends to attract. The company intends to start making some profits during its third year of operations. Table of Contents: Introduction................................................................................. 4 Market Analysis............................................................................6 Industry Description, Size of the Market and Its Description: Objectives of the Organization..................................................... 10 Overall...
16 Pages(4000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic New Business Proposal for FREE!

Contact Us