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Big-Idea-Finals-2017-Bandit

1. How many unique lenses will you address with your product?* Response: We cover 100% of existing lenses and plan to continue developing the database.* Question: Will you have inventory levels for each type of lens or lead time for production to fulfill orders?* Response: We use lean manufacturing and customize each lens in under 2 minutes, with 3 stock sizes to cover all lenses. As we notice emerging trends, we'll create inventory for the most important lenses.2. How will you scale your production as you receive thousands of orders a day?* Response: We'll create inventory for popular lenses and move into a warehouse/office space with Wi-Fi and internet for marketing centers.3. What are your repeat sales?* Response: When professionals replace their lenses every 19.2 months, they'll need bandits for each new lens, resulting in repeat sales.4. How will you increase repeat sales or expand into new lines of business?* Response: As customers switch to new lenses, they'll miss the feeling of the bandit, leading them to purchase a new one. Our marketing strategy focuses on professional photographers first, but we may consider other strategies in the future.
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