You are an entrepreneur launching a new business. Explain what Research Paper

You are an entrepreneur launching a new origin. Explain what merchandise is and why is it important to your new ancestry. Include the benefits of a marekting plan - Research Paper ExampleThe initial step that merchandising takes is to get prospective buyers and after this base way which is aimed at retaining the guests takes over. Base management requires the business to build and nurture relationships with the customer by improving service delivery and the quality of the products the customer needs (Tybout & Calder, 2010). Enhancing customer-business relationships enables the marketer to participate competitively in the market and this creates customer loyalty because the customer trusts that the business testament be able to meet all their product needs in the best way.client satisfaction is paramount for any business to be successful and marketing leave enable the business to know the needs of consumers since it will also involve marketing research to know the needs of the society. merchandising will enable the new business to make use of the four Ps of marketing, which will reflect the desires of the customers and the target market (Tybout & Calder, 2010). The product aspect of marketing will enable the business to lay the product desired by the market and ensuring that this product is available to the customers. Pricing will ensure that the cost if the product is set at a charge that is favorable and competitive enough, thus not spring the new business out of the market. The promotion aspect of marketing will ascertain that there are advertisements, publicity and sales promotion, which are aimed at promoting the brand or the new business. The last aspect of marketing is placement, which will entail making strategies of how the product will reach the target market and the channel that will be used. The four Ps are useful as they will ensure well-timed and effective delivery of the product to the target market and this creates customer satisfacti on, which will increase sales as customers will be able to acquire goods