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Min sung compan (Problem Statement (Prices of karaoke machines (Korean…
Min sung compan
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Value proposition
benefit
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35,500RM per month in Korea
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customer satisfaction
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price
2RM for two songs, 4RM for four songs
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Customer experience
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Channel
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Word of mouth
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It's a little classic, but the effect is very good
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Customer segment
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market research
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Revenue stream
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Break-even point
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Fixed cost 577000RM, 1RM sales per song, 2 ~ 3 minutes per song, variable cost 30 cents, 339,411 songs from 30s, and income reaches BEP where profit is generated
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Key resources
As it may be anywhere else, it is difficult to judge the value of the service business due to its intangibility. Therefore, the management of the appearance is important. Especially, the people of 10 to 20 years old need an interior to match them
Accounting should be an essential basis because it is more efficient to avoid counting the money that you have, rather than making money.
Key partners
key partnerships
When I do not have the money I want to borrow and operate the machine, the machine supplier will be my companion
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