1.How do you write an objective for opening a coffee shop,the objective must hav
ID: 406595 • Letter: 1
Question
1.How do you write an objective for opening a coffee shop,the objective must have at least five goals, what objective is this project desgned to meet?
2.What will be the business need of opening a coffee shop, must include why should this project be made, what will it gain, changed or modified, Is there a financial or business reason to do this project? Explain in detail, how this project will be beneficial to the project owner.
3.What will be the milestone for opening a coffee shop, should include what are the key milestone dates associated with the project. List atleast 10 milestones and provide estimated end dates for each. Milestones must have associated dates.
Explanation / Answer
1. a. to serve a tasty coffee to the customers
b. to meet the requirements of the people
c. to offer a wide range of quality/tasty coffee products.
d. to serve the targeted customers
f. to promote the brand among the people and in the market.
2. the business need will be to acquire more market share and maximize the wealth of the firm. initially the shop may not profitable financially, but later it has to provide financilly good returns to the owner. otherwise he can not run the shop. once it acquires good number of customers, it will resulted in good number of returns.
3. milestones are the steps which indicates different stages in the firm's life. they will be
a. openeing the shop
b. attract the customers
c. acquire good number of cucstomers
d. offering a wide range of products.
e. receiving best appreciations from the visitors
f. reaching break even level financially
g. explore the business opportunities into the other markets
h. enter into other market segments also
i. acquire the major market share in the competition
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