Chandra has been working at a dry cleaner for about a year. She notices that much of the store’s revenue comes from alterations to women’s clothing and is wondering if there is enough revenue there to develop a business based on that. How could a specialist in business development help her determine if this will work? (1 point) Responses By letting her gain experience is sewing. By letting her gain experience is sewing. By creating a marketing plan for a potential business. By creating a marketing plan for a potential business. By educating her about how similar businesses develop. By educating her about how similar businesses develop. By helping her find some silent partners or angel investors.

Question

Chandra has been working at a dry cleaner for about a year. She notices that much of the store’s revenue comes from alterations to women’s clothing and is wondering if there is enough revenue there to develop a business based on that. How could a specialist in business development help her determine if this will work?  (1 point) Responses  By letting her gain experience is sewing.  By letting her gain experience is sewing.  By creating a marketing plan for a potential business.  By creating a marketing plan for a potential business.  By educating her about how similar businesses develop.  By educating her about how similar businesses develop.  By helping her find some silent partners or angel investors.

GPT 3.5 · Answer

By conducting market research to assess demand for alterations services in the area, analyzing the competitive landscape to see if there is room for a new business, and creating a financial forecast to estimate potential revenue and expenses. Additionally, a specialist could help Chandra develop a business plan outlining her goals, target market, pricing strategy, and growth plan.