Jessie Would Like to Start a Landscaping Company That Concentrates

question 1

Multiple Choice

Jessie would like to start a landscaping company that concentrates on using indigenous plants.The feasibility study showed a need for R100 000 to start the company (she has R10 000) , competition of three other companies (one concentrated on using indigenous plants) and buyers who were predominantly 60 years or older (who loved yard work) .Which statement is true?

• A)This plan shows fatal flaws with financing, competition and market as none of these flaws could be fixed.
• B)The plan has a fatal flaw with financing and competition as the market might have an interest in her speciality.
• C)The plan has a fatal flaw with financing but competition might not be as much of an issue if the indigenous plant landscaping is growing with the buyers.
• D)The plan could be fixed if an investor went into business with her.

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Definitions:

Travel Pattern

Typical routes or itineraries followed by individuals or groups during their travels, often analyzed for marketing or planning purposes.

Territory

In business, territory refers to a specified area or segment assigned to a salesperson, team, or a distributor within which they operate or have exclusive rights to engage with potential customers.

Qualify An Account

Qualifying an account involves determining whether a potential customer meets the criteria to be considered a viable prospect for sales or service.

Credit Standards

The set of criteria that lenders use to determine the creditworthiness of an applicant, affecting whether credit will be extended and under what terms.