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A business plan for JRL Clothing Industry, a start-up manufacturer of an upscale clothing line targeted at males and females between the ages of 16 and 40. The plan includes the company's vision, mission, objectives, market study, location, organizational study, sales and distribution strategy, financial forecast, competitive comparison, and market segmentation. The company plans to differentiate itself by marketing strategies, exclusiveness, and high brand awareness.
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JRL Clothing Industry is a start-up manufacturer of an upscale clothing line targeted the males and females between the ages of 16 and 40. JRL Clothing Industry not only develops the clothing line, but supports it with advertising and promotion campaigns. The company plans to strengthen its partnership with retailers by developing brand awareness. JRL Clothing Industry intends to market its line as an alternative to existing clothing lines, and differentiate itself by marketing strategies, exclusiveness, and high brand awareness. VISION JRL Clothing Industry will become a well-known and best clothing industry around the world. MISSION The mission of the company is to provide a good and quality product for consumers based on style. OBJECTIVES
JRL Clothing Industry intends to build a sales team that will be tasked with generating sales leads on a regional and national basis. They will also be responsible for establishing connections with retail outlets. A key factor in the success of JRL Clothing Industry will be its distribution. The company plans to use the following retail distribution channels: Department stores Apparel specialty stores Internet store Catalogs are another important method of distribution. Consumers have less time to shop, and for some, catalog shopping offers a more convenient and pleasant alternative. The distribution channel that has received the most attention recently is the Internet. Although it now represents only a small portion of apparel sales, this distribution channel has the most potential for growth. Consumers like the convenience of being able to shop from anywhere and at anytime they wish. With expected technological advances in hardware, software, and data pipelines in the future shopping should gain popularity. FINANCIAL FORECAST JRL Clothing Industry profit will be 500,000 monthly. To get this profit, the sewers must get the quotas of the company which is 1000 ready to wear products every month. FINANCIAL BREAKDOWN 10 Juki high speed sewing machine ₱125, Fabric ₱100, Sewing tools ₱25, Machine oil ₱1, Lot ₱500, Facilities ₱250, Labour ₱10, TOTAL: ₱1,012, COMPETITIVE COMPARISON The company's name, JRL Clothing Industry, is a competitive advantage in itself. The company is able to develop its presence in the market. Although the company uses retailers to sell its line, most of the marketing and advertising is done in-house. This company will stand out among the clothing industry in Clark Freeport Zone. MARKET SEGMENTATION JRL Clothing Industry will be focusing on two distinct groups of men and women that purchase different kinds of cloths: Men and Women 16-25 years of age: Youth drives the market so this is the important group to attract to the website.