Wiki 2
• Which product or products could the company develop or sell that would be successful/sell well in a pandemic situation?
During this difficult situation for all of us, companies should develop an innovative way of packing. I imagine all fresh fruits and vegetables hermetically sealed to extend the shelf time. Thanks to that, people will be able to visit the grocery store less frequently. Moreover, all ready meals will be on definitely become top-selling products too.
• How long would it take to put this product or products on the market?
It all depends on the time needed to find the appropriate machine to seal all of the shapes hermetically. Besides, the production time will be longer because of the extra time for packing.
• How could the development and marketing of the products be financed?
The easiest way is to get help from government programs. Unfortunately, it is the easiest but not the simplest solution. Usually, it requires a lot of circumstances to meet. The Another way is to take out the a loan and refinance it by making packed food a little more expensive.
• What financial terms/conditions would the company be able to accept in order to access funding quickly?
The company would be able to accept a promise to give the money back as soon as possible. If the sponsor will give the funds, the company should be able to promote their name more easily.
The solution is logical, but rather simple and not original.
Please, go over your mistakes.
Mark: 7/10
Martika Kisiel & Marta Kuklińska