What is your product, and how exactly does it promote good health? Who is your target audience, and what do you know about them? What are the ways you intend to advertise to your target audience? How will you use different aspects of media to sell your product? What makes you sure that your product will be a success within its target culture?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Prepare a pitch to investors as to
why they should invest in your
product. Convince them that you
understand your target audience
and explain how you will reach
them. Practice perspective-
taking, and consider what it
would be like if you were in your
target customer's shoes. Why
might you want the product?
What might be some reasons
you wouldn't buy the product?
Create a slideshow presentation of your pitch
to potential investors. Be sure to include the
answers to these questions:
What is your product, and how exactly does it
promote good health?
Who is your target audience, and what do
you know about them?
What are the ways you intend to advertise to
your target audience?
How will you use different aspects of media
to sell your product?
What makes you sure that your product will
be a success within its target culture?
Transcribed Image Text:Prepare a pitch to investors as to why they should invest in your product. Convince them that you understand your target audience and explain how you will reach them. Practice perspective- taking, and consider what it would be like if you were in your target customer's shoes. Why might you want the product? What might be some reasons you wouldn't buy the product? Create a slideshow presentation of your pitch to potential investors. Be sure to include the answers to these questions: What is your product, and how exactly does it promote good health? Who is your target audience, and what do you know about them? What are the ways you intend to advertise to your target audience? How will you use different aspects of media to sell your product? What makes you sure that your product will be a success within its target culture?
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