Final answer:
A solid business plan caters to customer needs by incorporating elements like money-back guarantees and highlighting physical aspects of a product. The location of a business is also strategic for market presence. Networking business cards are recommended for professionals to present their business efficiently.
Step-by-step explanation:
A solid business plan addresses a customer's needs. In the context of the goods market, this could involve offerings such as a money-back guarantee to serve as a promise of quality and thereby instilling customer confidence, particularly when the goods are sold through channels where physical examination isn't possible, like mail-order catalogs or online stores. Understanding and highlighting the physical aspects of a product, ranging from durability to convenience features (like nonstick surfaces or freezer-to-microwave capability), can make a significant impact on the perceived value and effectiveness of the business's offerings.
Moreover, the location of the business can be a strategic advantage, for instance, a gas station located at a busy intersection will likely sell more gas due to higher traffic. In a similar vein, positioning a business close to key partners or suppliers, such as an auto parts supplier near a car factory, can enhance operational efficiency. Finally, creating a networking business card is also crucial for individual professionals to cultivate a professional image and facilitate the exchange of contact information in a business setting.