Feedback-on-the-idea-of-establishing-a-food-business-business-and-finance-homework-help

Please provide feedback regarding  the following with 150 words ,citations, and references :

In this class, I will be seeking to develop a food company that will supply a wide variety of food products including cheese, meat & poultry, grocery, and seafood. Although the food industry has been said to be complex and diverse in nature, it is a great area to capitalize on; mainly because people and general populations at large rely on food products to survive (Godsmark, 2007). I believe the food market is a great area to build a successful business as long as one understands what people want and delivers it to them within the shortest time possible. I became aware of the food business after going through a class where I evaluated the five leading food businesses in the United States. I am confident that I will be able to apply the business strategies used by leading restaurant chains such as McDonald’s on my way to building a profitable food retailing business.

 Technology has aided the way companies carry out their businesses and food retailing companies have not been left behind. The existence of online ordering and online stores provides a great chance to expand the business and reach out to different customers in different geographical locations (Godsmark, 2007). The recent trends of healthy eating and keeping fit present an opportunity for differentiating products and targeting specific customer groups. Differentiation and targeting are some of the strategies I will use to promote the business and deal with competition.

 
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