The document outlines the business opportunities and threats for a proposed waffle stand business called "The Color Wheel" including opportunities to advertise online to reach more customers and affordable ingredients allowing competitive pricing, but also threats of existing competition, challenges gaining loyal customers, and limited daily demand from target school markets.
The document outlines the business opportunities and threats for a proposed waffle stand business called "The Color Wheel" including opportunities to advertise online to reach more customers and affordable ingredients allowing competitive pricing, but also threats of existing competition, challenges gaining loyal customers, and limited daily demand from target school markets.
The document outlines the business opportunities and threats for a proposed waffle stand business called "The Color Wheel" including opportunities to advertise online to reach more customers and affordable ingredients allowing competitive pricing, but also threats of existing competition, challenges gaining loyal customers, and limited daily demand from target school markets.
Opportunity to gather There are already a lot prospect customers to of waffle stands whose purchase the product names are already due to its new look wide spread and Macro Environment and variety of flavors competing with them through online can be challenging. advertisements to reach a wider market. Affordable ingredients Customers already are used in making trusted the waffle waffle so the selling stands which are price is also going to operating for years Industry be affordable and a now, and loyal wide range of customers are hard to costumers, age wise, convince to try a new are going to be able to product option. buy the product. Waffle demand does Sales are not going to not reach a critically be so high since Market low point, so the waffle demand do not opportuniy of a steady reach a high point. business is forseeable. The target market are School canteens offer schools around Imus, a wide range of foods and cutomers are not to choose from, and Micromarket too limited since customers are not children up to adult going to buy waffle purchase waffle. every day in the school. Waffle is a type of Consumers’ taste food that fits the taste change over time. The of many consumers, business will reach a Consumer so it is not going to be point where new hard to sell the choices should be product. introduced to keep the consumers.