Question

The Braided Bread company is struggling with how to break into the bagel market. They see this as an opportunity for growth, as it would not require any new machinery. The downside is that there is already a bagel shop in town.

After Braided Bread evaluates the selected choice, the next problem will start with

Answer 1

putting the chosen approach to entering the bagel market into practice. Analyzing the potential market size, the target customer demographic, the advantages and disadvantages of the competition, and the project's viability from a financial standpoint may all be part of the evaluation process. Nevertheless, after selecting a strategy, the business must concentrate on carrying it out and resolving any problems that emerge. This could involve developing supply chains for ingredients, staff training for making bagels, marketing and advertising the new product, managing inventory, and setting production schedules.