Marketing Opportunity : Joint Ventures Finances

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e) Additional resources that will be required including finances, staff, equipment, etc?
Marketing opportunity 1: Joint ventures Finances: $2000 will be required Staff: sales person would be involved since we need their firsthand information to form our proposal.We also need to include senior managers to negotiate with prospective partners. Equipment: most likely, we need a meeting room to have meetings with our prospective partners and we also need printing machines to print out the prospectus.More office supplies may also be needed
Marketing opportunity 2: online business opportunities Finances: $20000 will be required Staff: Sales personnel should be involved in the development of online ordering system since they would know what
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This should be a rough estimate taking into account how much the likely cost of the opportunity would be against anticipated return? Use the information in the Marketing Plan to help you answer this.
Marketing opportunities Likely costs Return on investment
Marketing opportunity 1: Joint ventures $2000 $100000
Marketing opportunity 2: online business opportunities $20000 $250000
Marketing opportunity 3: strategic alliances $5000 N/A

g) Potential competitors?
Ring the Bell company faces fierce competition in this market since Ring the Bell is relatively a newly established company. Its competitors include local delivery company---On the Way and Food Solution. In addition, Serve your meal may also be included.

h) How any changes in economic conditions could impact on each marketing opportunity:
Marketing opportunities Impact from changes in economic conditions
Marketing opportunity 1: Joint ventures Interest rate change may impact on the joint venture marketing opportunity. The change of interest rate has always been a sign of economic growth or recession. If the whole economic is in downturn, most of people will invest their money with extra caution. For us, it may make our incorporating process difficult since this is not he traditional investing industry we care in and we may find it hard to find someone who are willing to inject funds into our business.
Marketing opportunity 2: online business opportunities Consumer confidence is very important for
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