Global Business Plan for Vitamin-Infused Drink Mix

Global Business Plan for Vitamin-Infused Drink Mix
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Global Business Plan for Vitamin-Infused Drink Mix
For an entrepreneur, the understanding of the business idea and its impact on the target market is effective if it is done before starting a new venture because it helps to implicate the business practices meaningfully. The research by Chambers and Humble (2017) demonstrates that the global business plan works amazingly in sustaining the business internally with influential strategies. The global business plan for vitamin-infused drink mix involves the analysis of a business idea, the product features, target audience and segmentation. Other than that, the global business plan focuses on the evaluation of key marketing strategies or marketing mix, financial planning about overall business cost, market entry strategy, operational plan, and organizational plan. However, entering an international market is highly challenging for a firm without any planning (Hofer, 2016). Thereby, the global business plan supports an entrepreneur to expand the business globally.
The global business plan is...