BLAZZERS GARMENTS
1.EXECUTIVE SUMMARY
Blazzers garments is a world of trends, fashions and styles that concentrates on the development of the present and up-coming garments to the platform. we as a enterprise sell garments of great value and with good blend of colors to the customers. We produce goods of high quality- shirts and trousers made of pure cotton and jean cloth. We concentrate on customers of both middle class and upper class. Our products are mainly for the age group of 17-30 as these age group mainly concentrates on buying clothes of changing trends.
Our production method is very much different from our competitors, we have hired mechanics and staff of great technical and standardized skill. We upgrade our machineries on every
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2.1 MISSION STATEMENT
"Explore fresh fashion and blending trends with xxx garments " we provide the trend seeking customers a wide variety of freshly arrived clothing style with different fitting exposures. we have clothes for fashion looks, celebration look and photo-frame looks. this is will be the center point of fashion for the youth. we have a lot of competitors but we assure that no customers can get our similar products from any of our direct competitors because our crew members keeps on changing the outfits stocks according to the changing trend.
2.2 VISION STATEMENT
The present generation focuses on exquisite dressing style. customers gets attracted to us as we concentrate on changing trends and upcoming fashions. Our fashion trends are mainly from Italian, Indian, British and Turkish styles. Our employers travel across these listed countries on a monthly basis to find out the changing trends and inherit these trends to our products.
3. PRODUCT our product is a very much comfortable wearable 's, once purchased a consumer can attain his complete satisfaction. Our clothes are upgraded with the latest trends so that our customers never gets bored of the similar and common clothes that are widely available.
3.1
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No business can survive without competitors. Only some businesses that have monopoly control over the market can collect hug some of profits without competitors. We have energetic competitors through out our market. Competitor and substitute goods are mushrooming day by day. Some of major competitor are Linen Club, Louis Phliph, Levi 's.
4.4 Competition
We have an oligopoly competition in the market. According to this competition we have a lot of sellers selling similar products having wide range of customers. It is difficult to survive with high profit in the market because the previously entered businesses have flurished well in the market. It is difficult to have a straight competition as it will result in gradual economic decline of business.
4.5 OPPURTUNITY
The oppurtunity is the loop holes to the success. There are never shortcuts t the perfect oppurtunity. Surviving in the business with shrt rate profit of a long period of time helps to find out opurtunity. Opportunity is always available in the market experience in the business is to identify the oppurtubly and also helps to work through the opportunity attained. the opportunity for our prduct is not very high. Because there are similar substitute products available in the market with wide ranging prices. We are on to increase the profit within 3 years. If we survive 3 years effeciently we are upto open up a factory in other GCC Countries for example
It notes that stiff competition can reduce the potential profit of like companies. Firms must determine the strategy that will be utilized to gain and maintain the upper hand in the industry, as it relates to price, marketing, competition and the introduction of new and innovative products into the market. The more a company senses competition the intensity of its strategy may increase as it does not only respond to other firms, but also to the industry as a whole. It is natural for firms to respond to competitive moves made by its rival as it will have an effect albeit positive or negative on the industry. Firms may be forced to supply the demands for cheaper but more reliable products or to create differentiated products to maintain the competitive
The adoption of new technologies and trends is being facilitated in the industry for the competition and the customer’s overall experience. Many suppliers that are having similar strategies face a strong competition. The barriers for exiting the markets are high. Products and services of are undifferentiated leading the customer to focus on the prices offered. Low market growth, so it can be increased only by taking another firm’s market share.
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This was the medium constant development of high quality apparel, with attributes of customers’ feedback, to refine the clothing standard. 4.1.2 Product
From the viewpoint of the customer, there are some advantages of buying a product under oligopolistic market. Firstly, customers may have many choices. Oligopolies sell various branded goods because of the characteristics of imperfect competition. One of the characteristics of oligopoly is non-price competition.
The type of market my paper is concentrating on is known as a monopolistic competition market. The first characteristic that differentiate a monopolistic competition market from the other 3 markets is that in a monopolistic competition, there are many sellers which would lead to competition between the firms to sell their products. The second characteristic is that monopolistic firms are relatively small, which can result in either new firms to enter the industry or firms that are existing to exit the market. The third characteristic is that the firms in the monopolistic market sell products that are similar but are slightly different compared to other firms in the same market. The last characteristic is that the firms in a monopolistic market
When there is a large number of sellers and a large number of buyers in a market, that market is regarded as a perfectly competitive market or industry. In a perfectly competitive market, a single firm cannot dictate the pace and the selling price (Khan Academy, n.d.). In other words, one firm cannot set the prices and the competitors are obligated to market prices. What is fascinating about a perfectly competitive industry is that the barriers that prevent new firms from entering the industry are flexible; that means there are minor barriers of entry as well as little or no barriers to exit the industry (Rittenberg & Tregarthen, 2009). Additionally, buyers and sellers have all the necessary information to make a decision to buy or sell a product.
The oligopoly market is set up in a way so that competitors can survive because each is unique and there are so few competitors that they are virtually indispensable even if some ethics atrocity
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