ENTREPRENEURSHIP

Detailed explanation-1: -Entrepreneurship. So we can say that where market analysis the business plan focuses on the specific segment or target market of an industry to which the firm will try to appeal.

Detailed explanation-2: -In the marketing strategy section of your plan, you’ll address issues such as: Identification of your target buyers. The market segment in which you’ll compete.

Detailed explanation-3: -Your marketing plan should describe how you will segment your target market, how you will position your products or services compared to your competition, what your pricing strategy will be, and how you will effectively reach and influence your customers.

Detailed explanation-4: -Market analysis and strategy The purpose of the market analysis and strategy component of a business plan is to research and identify a company’s primary target audience and where to find this audience. Factors to cover in this section include: The geographic locations of your target markets.

Detailed explanation-5: -Target market analysis: Identifies and quantifies the customers that you will be targeting for sales. Competitive analysis: Identifies your competitors and analyzes their strengths and weaknesses.