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Business Organization/Market Structures: Bakery
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I've finally opened my own bakery! Though, there are others here too.
Anna's Bakery
Suzie's Cupcake shop
There are already so many bakeries on this street, I don't know how we'll all stay open!
NEW LOW PRICES! CUPCAKES 2 FOR $4!
I had to lower my prices in order to compete with the other bakeries!
It all depends on marketing and advertising! Although there are many bakeries, it depends on the most known business to who gets the most customers
That's why my bakery is so successful, but it also depends on price and quality of your products
So all I need to be a successful sole proprietor is to market accordingly and make good food?
Yes!
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