Published at Wednesday, May 09th, 2018 - 08:00:31 AM. Template. By Erna Vega.
How do you intend to advertise and promote your business? What sort of advertising budget have you set aside? This will also include issues about the pricing of your product or service. How do you propose to execute your marketing plan? Is there a timetable and advertising mix?
Is it expanding, static or declining and what factors lead you to believe that your business will be successful. You will be asked about the nature and strength of your competition. How did you arrive at your pricing model and what contingent plans do you have in place if things go wrong? That is, sales targets are not met or an injury or illness to you or another important partner? Here you will also be asked about your customers profile.
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