Question

For this week’s reflection, please write three complete and well-composed paragraphs (in your own words) in which you use, as an example, a company that operates where you live that has recently entered into business or has significantly expanded its business. Describe what kind of planning that company probably performed to be able to successfully start or expand its business.

Answer 1

I will choose Tesla because it is the company which has redefined the technological use in the the car making because it is focused at use of electronic car making tools which is helping in acquiring a large market share along with dedicated customer base.

This company primarily focuses at manufacturing its units based on low cost production units in China as well as it also focuses production of its units in California so, this company has a well structured cost and it is always targeting a particular segment of customer which is its dedicated consumer base and who is always motivated to buy electronic car, so this company is always trying to maximize on its potential customer base.

This company has got the pricing power and it is trying to expand in other areas of the world because electronic car making is the new theme in the car market and people are trying to switch from old traditional use of petrol and diesel vehicle to the electronic car making because they will help in saving a lot of time and they are equipped with the artificial intelligence tools.