Let's assume that you're starting a new fishing business (not Cod as they are fished out in New England). Discuss the potential customers for this product/service. Remember you could be doing this anywhere in the world. 2. Based on the nature of the product/service, recommend at least 3 possible social media to use in marketing the product/service. Describe your recommendations and discuss the advantages and disadvantages of each. 3. How would you ensure long-term sustainability in your new endeavor

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Explanation:

1. The fishing business is a striving business anywhere in the world as many people depend on fish for its various uses. The potential customers for this product/service include;

  • individuals who purchase for food
  • pharmaceutical corporations: fish oil are known for their medicinal value are used as ingredients in certain drugs.

 2. Based on the nature of the product/service, the 3 possible social media to use in marketing the product/service:

  • video platforms (not named because of Brainly's guidelines)

PROs> This allows for more engaging ads, where you actually track key performance metrics of those who showed interest in video ads.

CONS> It usually comes at a higher cost

  • chat platforms

PROs> It allows easy feedback

CONs> It doesn't allow key performance metrics to tracked effectively.

  • influencer platforms.

3. To ensure long-term sustainability in our new endeavor emphasis would be placed on reducing operating cost structure.

1. The fishing industry is thriving all around the world, as many people rely on fish for a variety of purposes.

  • Customers that could be interested in this product or service include:
  • Individuals who buy for food pharmaceutical companies: fish oil is utilized as a component in several medications because of its therapeutic potential.

2. The three probable social media to employ in marketing the services or products, depending on the nature of the good or service:

Platforms for video.

PROS ; This enables you to create more engaging advertising by tracking important performance data of individuals who have shown interest in video ads.

CONS ; It is typically more expensive.

Learn more:

https://brainly.com/question/25215762?referrer=searchResults

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