Are you in a niche market with great potential?

Are you in a niche market with great potential?
July 11, 2020 Comments Off on Are you in a niche market with great potential? Uncategorized Assignment-help
Words: 220
Pages: 1
Subject: Uncategorized

Complete the SWOT Matrix to highlight the strengths, weaknesses, opportunities, and threats of the company Jassi Cupcakes. Include four items in each category. This is a cupcake company (see attachment). As you complete quadrant of the SWOT Matrix, consider these questions:Strength- What are your selected company’s likely strengths?- Is your product or service in a growing industry and does it lack an entrenched competitor?- Are you in a niche market with great potential?- What strengths do you and other team members brings to the company?Weaknesses- What are your chosen company’s likely weaknesses?- How entrenched is the competition in your industry segment?- Is your management team inexeperience?- How challenging will it be to produce the product or offer the service and maintain quality?Opportunities- What are your company’s opportunities- Does your segment have more demand than supply?- Have larger corporation stoped serving smaller or niche markets that you could enter?- Is a new market emerging because of demographics, immigration, changing tastes, et cetera?Threats- What are your company’s threats?- Does a clear market leader exist that will be hard and expensive to displace?- Are downward-pricing pressures in the segment making profit margins slim?- Are there few or no barriers to entry for new competitors?