Situation 1 Coursework Example | Topics and Well Written Essays - 250 words

Situation 1 - Coursework ExampleLugar was inspired by the personal have it away he got when helping out his mom with her service department sale. Prior work experience might also contribute in Lugars idea. Through his experience with other garage sales in the area, Lugar believed that he had the capability to strait new services to peck regarding garage sales.Lugars start up idea is worth trying. The fact that Lugar has good pricing insights and is flying to use advertising to make his business feasible and successful gives him an upper hand in the area. victimisation pricing strategies for the garage sales idea is an important service differentiation method that can offer superior performance and thus, competitive advantage in the market. Wise pricing will help customers joyful because they will maximize their profits and risk of not selling the garage items. Lugars pricing outline might help ensure customer loyalty thus make the concept successful. However, before growing t he concept into a business plan Lugar needs to conduct a feasibility analysis to tax the probability of the business becoming successful (Longenecker, Petty, Hoy, & Palich,