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Questions for Market Research 1Does your company currently host golf tournaments 2Who is in charge of organizing such an event 3How much time is typically spent organizing such an event Specifically in terms of labour hours Resulting opportunity cost 4What is the budget allocated for such a tournament 5How is the tournament financed Entirely by the participants Entirely by the company A combination of both If so what percentage 6What is the purpose of hosting a corporate golf tournament Sales promotion Employee social event Fundraising 7Are the profits donated to charity If so what percentage 8How many people typically attend 9What price do you charge for attendance per participant 10Have you been satisfied with the organization and overall result of past tournaments 11Were prizes awarded to participants Did everyone receive a prize of some sort or were prizes strictly based on performance What percentage of the budget went toward purchasing the prizes What were the prizes Who was in charge of purchasing the prizes 12Was food served By whom Ex Caterer golf club What sort of food was served What percentage of the budget was allocated to food 13How did you go about selecting a location Were you happy with the course How much did it cost to rent out a course and its facilities to host your event 14Do you expect to host more tournaments in the near future Description of our Business idea We plan to create a company designed to organize and cater golf tournaments for large to mid-sized corporations in and around the GTA By specializing in this area we feel that we can provide a unique experience for the participants and minimize the costs for the company hosting the tournament 15If we were able to organize and run your companys tournaments at a price comparable to or lower
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