Monday, April 11, 2011

Yae Sam Song - Response 05

1) The first luck they faced was when they had trouble working with the bar code. Both of them had no idea how the bar code works or how to use the bar code productively. However, it came out to be that someone just came up to them and asked whether they need help with the bar code. The person wanted to help specifically in operating the bar code. This is a fortune because they were both stuck with the bar code problem. However, the right person gave a hand at the right moment, which solved the problem of figuring out the bar code problem. If they had not known that person at the right time, it may be possible that they are still stuck with the bar code issue. The consequence of that could be that they were still not able to sell the product.

2) Although the product, Bacon Salt, seem to be a well developed product, I would not invest my hundred thousand dollars in Bacon Salt. Bacon Salt is developed by the help of many professionals in the field of Food and Science and it may be a healthy product compared to other seasoning products. However, I do not think that it would make a lot of profit because it is something that can not make a constant profit. It could be that one makes a lot of profit as soon as the product is released, but whether this product will be sold consistently is very questionable. Another reason is that I am not really interested in food products, because in the food market only the product that dominates or monopolizes make the most profit. Other similar products will not make much profit. Another reason is that it is a product targeted in a narrow market. It is something not everyone can use to eat because countries like Asia and Africa do have French fries in their regular meals.

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