section 9 business plan
DESCRIPTION
justification of business plansection 9TRANSCRIPT
7/21/2019 SECTION 9 Business Plan
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SECTION 9: JUSTIFICATION
This business plan introduced how the company will gain proft
rom the capital ed. The business plan presented inormation aboutthe overall cost, production and manuacturing methods, marketing
strategy, administrative, und management and proft strategy.
Throughout the business plan it has been mentioned about the
quality o the product, the strength that it holds in the market and
the capability to penetrate the market as a new product. The
product has three keys to achieve the objective; which is cheap,
tasty and good quality.
9. !heap
The current markets o snacks or meatballs are quite high in price due to
production, logistics and also packaging. Thus, this product introduced
with a modifed ormula o having a good quality o product with
economically easible without neglecting the nutrients and taste o the
product. "igure below shows the most # bought meatballs at Tesco
$ypermarket and Tesco %upermarket at &eninsular 'alaysia in the year o
()*. "or an average o ( pieces o meatball will cost almost about +'
. That would give an average o +' .(# or one piece o meatball.
-ther top products represented in the picture also having the same
amount and range o price. This range o price is still in the range oepensive compared to our business plan; as per suggested by product
and price.
9.( Tasty
The product has a key actor o tasty, as a taste survey done during the
ormulation o recipe, produces positive results with /01 agree with the
7/21/2019 SECTION 9 Business Plan
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taste o the product. The survey outcomes suggest that the product has a
variety o chicken and bee meatballs. The seasoning on the meatballs
served will increase the enjoyment and create a mi o taste or the
consumer.
9.2 3ood 4uality
Food quality is the quality characteristics of food that is acceptable to
consumers. This includes external factors as appearance (size, shape, colour,
gloss, and consistency), texture, and flavour; factors such as federal grade
standards (e.g. of eggs) and internal (chemical, physical, microbial).
n the production line of this product, there !ill be t!o"quality anatomy. First,
there !ill be quality assurance. This part is at the base part of the production
ma#orly at base material, stoc$ings and ingredients part. Then, the second
part !ill be the formulation and processing. This is the ma#or part that neededa separated department that is done in lab for testing of the product !ether it
met the product specification or the standard set before it goes for pac$aging
and distribution. %nother method and program that !ill be a tradition in this
production line !ill be the &ood 'anufacturing ractice (&') that promotes
the ethics and guidance on achieving a good manufacturing $ey performance
and targets.
5y these stated three means or key actors, this product will
have a greater value and can give higher value in return as profts.
These three actors also eplained competitively why this business
plan need to be given a ull support fnancially and all the supports
that are requested by time.