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  • Chapter 5 Aloeveraveganbalm

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    Crislin Grace Abasolo
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    With the growing popularity of organic cosmetics, entrepreneurs see an opportunity to target customers looking for natural and organic lip balm ingredients. While the business has strengths like high quality organic ingredients that protect lips and environmentally friendly products and packaging, it faces weaknesses such as strong competitors, limited inventory, and lack of capital. Opportunities exist through new product strategies and marketing promotions to increase customers and branches, but threats include new competitors and rising ingredient prices.

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    With the growing popularity of organic cosmetics, entrepreneurs see an opportunity to target customers looking for natural and organic lip balm ingredients. While the business has strengths like high quality organic ingredients that protect lips and environmentally friendly products and packaging, it faces weaknesses such as strong competitors, limited inventory, and lack of capital. Opportunities exist through new product strategies and marketing promotions to increase customers and branches, but threats include new competitors and rising ingredient prices.

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    Download as DOCX, PDF, TXT or read online from Scribd
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    6 views1 page

    Chapter 5 Aloeveraveganbalm

    Uploaded by

    Crislin Grace Abasolo
    With the growing popularity of organic cosmetics, entrepreneurs see an opportunity to target customers looking for natural and organic lip balm ingredients. While the business has strengths like high quality organic ingredients that protect lips and environmentally friendly products and packaging, it faces weaknesses such as strong competitors, limited inventory, and lack of capital. Opportunities exist through new product strategies and marketing promotions to increase customers and branches, but threats include new competitors and rising ingredient prices.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    CHAPTER 5

    MARKET DESCRIPTION

    With the engaging impact of organic cosmetics , it will be a motivation for the customer
    to choose more natural and organic ingredients for their lipcare product most specially in
    choosing effective non-chemical lipbalm. As the business grow, the entrepreneurs targeted all
    types of
    market in reaching the goals of making a brand name and be prominent in serving a high quality
    food snack in the industry.

    STRENGTH WEAKNESS
    • It has high quality organic essentials • Strong market competitors
    • Insufficient stocks
    • It has true nutrition and protection to the lips
    • Industry acknowledgement
    • Very environmentally friendly
    • Insufficient source of capital
    • Products and packaging are well created
    • less experiences
    • Effective and Affordable Price
    OPPORTUNITIES
    • New strategies for development and improvement of products
    • Good customers
    • Increase number of clients
    • Open for making branches
    • Using different marketing strategies promotions give a ways
    THREATS
    New and existing competitors
    Price inflation of ingredients and material used for the product

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