Essay about Business Proposal

Submitted By Roseyred59
Words: 1928
Pages: 8
Open Document
Business Proposal
Olive Myers-Rose
ECO561
8/18/2014
Christian Teeter
Abstract
Sales in the wig and hair goods industries in the U.S and Canada alone has increased from 900 million in the late 90’s and above 2 billion dollars in the early to mid-2000’s with the introduction of newer products. The recent recession has seen more women entering the market looking lucrative business opportunities. A spurt in hair add-ons such as ponytails, braids and assorted lengths attached to clips and combs have attracted younger clientele. In the view of globalization and dynamic markets strategic management and environmental scanning are a necessity. Their role is intertwined with business decisions because of how economic condition affect them. Seven years after the great recession and four years after it ended the state of global economic recovery is surprising precarious.

Business Proposal
Simple elegance is a lace wig retailer that is determined to provide hair units that sell reasonably priced wigs using the highest quality hair. For too long the hair industry and hair providers have been producing wigs of questionable quality at exorbitant prices. Elderly and other low-income consumers purchase many of these units that start to fail and look atrocious within weeks of being purchased. The coming of age of the youngest baby boomers (men and women) represent a large clientele consumer base that deserves high-quality products and a reasonable price. In addition, simple elegance will offer product cleaning and care to lengthen the life of products sold.
Internal Enviroment
A manager must understand many factors such as supply and demand, price elasticity, and market stability. They must understand them to make decisions to about production levels, cost and market structure in making business decisions. Business are concerned with revenue and profit as well as minimizing loss. A firm enters the market when there is profit, and it is the managers’ responsibility to determine production levels that will be profitable for the firm. He is also responsible for profit-maximizing, pricing strategies and cost reduction strategies to improve profit and the bottom line.
Global economic conditions, despite continuing concerns are strengthening in large economies. The global economy is expected to grow by 3.6 percent this year. The three largest economies (US, Japan, EU) which produce a little under half of the global total (35 trillion) in nominal (based on prices when output produced) output a year will push GDP growth in OECD economies to 2.2 percent this year. Real GDP (adjusted to reflect inflated or deflated prices) grew in the US at an annual rate of 3.6 percent a large revision from government’s initial estimate of 2.8 percent. This year it is expected that world GDP, measured in purchasing power parity (theory that says goods should cost the same) exchange rates to grow by 3.6 percent which is a respectable improvement over the 2.9 percent the government predicted.
The Macroeconomic and Microeconomic indicators for the US are encouraging. The Economic Intelligence Units (EIU) place them as 8.20 and 7.30 respectively, with 1 being low and 10 being the high, in the overall business and environment rating. The US for now is the best performing of the advanced economies. A survey of manufacturing managers seemed to show that business confidence remained high. An average of 200000 new jobs were created a month. Job growth was significant and the unemployment fell to seven percent. Nominal GDP for 2014 is 35661 billion with a PPP of 34424.0 billion. PPP indicates that exchange rates are closely related to the level of prices.
Market Structure “The market structure for simple elegance is monopolistic competition due to the large number of competitors in the marketplace (McConnell, 2009, p. 223).” Market entrance is relatively easy since there is no large cash investment in terms of startup ($2000). The
Show More

Related Documents: Essay about Business Proposal

Business Proposal Essay

Business Proposal Debra Mondragon ECO/561 Frederick Bell June 2, 2014 DistributionNOW (DNOW) “National Oilwell Varco is a worldwide leader in the design, manufacture and sale of equipment and components used in oil & gas drilling and production, the provision of oilfield inspection and other services, and supply chain integration services to the upstream oil and gas industry (NOV, 2014).” The success of the business allowed them to expand services and create new jobs. The economic analysis…

Words 2084 - Pages 9

Essay on Business Proposal

Communications Plus 301 Phillipi Road Columbus, Ohio 43228 http://www.biglots.com/ February 17, 2014 Big Lots 300 Phillipi Road Columbus, Ohio 43228 Re: Proposal for Services Dear : Communications Plus is pleased to submit a business proposal offering our services to assist with your company’s business needs. What distinguishes Communications Plus from other Communications companies is the time and effort we dedicate to understanding our clients’ needs and our proven ability…

Words 1145 - Pages 5

business proposal Essay

TABLE of CONTENTS 1.0. Research Title for Proposal: The topic which is chosen for research is “Future Sustainability of the Company in the Emerging Competitive Environment.” 2.0. Abstract: This document is for the module business research methods. In this document a research proposal will be prepared on the topic of future sustainability of Samsung in the emerging competitive environment. In this research proposal firstly the introduction will be given for the context of future sustainability…

Words 1800 - Pages 8

Business System Proposal

* Riordan Business Systems Proposal Team C Carl Ruf David Mack Benjamin Rodriguez Jr. BSA/310 March 13, 2014 Daniel Wojnowski * Business System Definition “A methodical procedure or process that is used as a delivery method mechanism for providing specific goods or services to customers” Decision support systems are used by upper management and key executives to make long-term strategic decisions on the future of the company. *Decision Support Systems *designed to assist middle and lower…

Words 373 - Pages 2

A Description Of A Business Proposal

Explanation of the Business Proposal 2 Business Objectives 2 Market Analysis 2 Financial Viability 3 Competitor Analysis 3 Operational Aspects 4 Identification of the Factors Influencing the Viability of your Business Proposal 5 Influence Diagram 5 Analysis of the Decision Making Methods 6 Influence Diagram 6 Project Management and use of Project Plans 6 Financial Modelling 7 Sensitivity Analysis 7 Conclusion 8 Appendices 9 Explanation of the Business Proposal The business opportunity…

Words 2842 - Pages 12

business proposal Essay

Business Proposal Brittanie Nye ECO 561 December 5, 2014 Don Olsen JR-FLEX Youth Helmet Business Plan: As a parent, I understand how fast kids grow. That being said, if your child in into motorsports you know how expensive it can be to purchase new helmets every year! On average youth helmets cost between $80-130. If you are lucky that helmet will last all year. However, chances are that it will be too small within 6 months. My solution to this very frustrating and expensive problem is to create…

Words 1057 - Pages 5

Business Proposal Essay

Proposal Women online shopping center Esther Fang Description www. Exmall.com is an online women fashion retailer. Exmall is the abbreviation of exceptional mall. It aims at giving customers exceptional shopping experience and services. Exmall offers more than 200 product lines (ethnic product are our main focus) ,covering women clothes, handbags and accessories. We are aiming to bring the latest North America fashion trend to shoppers as soon as possible, We aspire to provide…

Words 788 - Pages 4

Will Bury Business Proposal

Will Bury Business Proposal Economics/561 December 16, 2013 Dr. Alfred Igbodipe Will Bury owns and operates a company that converts books into digital format for listening or reading by his customers. If Will Bury wants to take his company to the highest level, then a business proposal needs to be developed to increase sales that would expand his inventory. Will Bury’s company needs to determine the profit maximizing quantity to gain the most profit while minimizing their costs for…

Words 2292 - Pages 10

business proposal Essays

Business Proposal ECO/561 Economics Transportation is an industry that continues to evolve and with every major contribution to the industry takes another leap forward into a new technology era for transportation. The Wright brothers were one who made a huge contribution. “Wilbur and Orville Wright made four brief flights at Kitty Hawk with their first powered aircraft” (Wright Brothers). Other inventions such as the automobile, railroad train, and boat have set in place…

Words 1123 - Pages 5

Business Proposal Essay

The Business: Krazy Kakes is a dessert bar in Western New York that provides customers with the opportunity to experience a unique for its customers. It allows customers to sit around in a relaxed atmosphere as a live band plays music and they watch their desserts be created right before them. This unique spin on a dessert draws in customers from near and far to taste the incredible desserts and to also take in the show. The unique way that Krazy Kakes presents its product and the quality makes…

Words 1092 - Pages 5