Thomas Chen is a resident of Connecticut. In his hometown of…
Thomas Chen is a resident of Connecticut. In his hometown of Glastonbury, Chen opened a coffee shop along Main Street where he specializes in serving and roasting coffee from the northern region of Columbia. While Chen’s coffee shop has been quite lucrative, he was recently audited by the IRS. During the audit, the IRS challenged several items on Schedule C of his timely-filed Form 1040 for taxable year 2020. Chen filed his return for taxable year 2020 on April 11, 2021, and the audit commenced on February 1, 2022. The revenue agent issued an RAR on October 5, 2021, and a statutory notice of deficiency on December 22, 2021. If Chen wants to legally challenge the deficiency asserted by the IRS, he can file a claim in the:
Thomas Chen is a resident of Connecticut. In his hometown of…
Questions
Thоmаs Chen is а resident оf Cоnnecticut. In his hometown of Glаstonbury, Chen opened a coffee shop along Main Street where he specializes in serving and roasting coffee from the northern region of Columbia. While Chen’s coffee shop has been quite lucrative, he was recently audited by the IRS. During the audit, the IRS challenged several items on Schedule C of his timely-filed Form 1040 for taxable year 2020. Chen filed his return for taxable year 2020 on April 11, 2021, and the audit commenced on February 1, 2022. The revenue agent issued an RAR on October 5, 2021, and a statutory notice of deficiency on December 22, 2021. If Chen wants to legally challenge the deficiency asserted by the IRS, he can file a claim in the:
Scenаriо: Yоu аre wоrking а part of a newly formed entrepreneurial team that plans to launch their new product into the market. The team has defined a customer activity/need domain and has done research on customer needs/problems in that domain. The domain is taking a dog on a walk, and one of the problems identified in the research is that sometimes people need to give their dog water during the walk. The dog owners need to carry a water bottle designed for humans for the dog and wish there was an alternative solution (the “job to be done”). Your team has come up with a new product idea - a water bottle with a big bowl-like opening at top designed to allow the dog to easily lap up the water. Your team’s idea that has gotten good feedback from peers and potential customers. Based only on the information in the scenario and your thinking, describe two (2) potential target market segments using both need (identify at least 1 need) and segment descriptors (identify at least 2 descriptors) for each of the two target market segments.