research & summaries question and need the explanation and answer to help me learn.
Idea 1: AI-Powered Personal Styling Virtual Business
Idea 2: Sustainable Agriculture and Food Production
Idea 3: E-Commerce Platform
Idea 4: Home Cleaning and Organizing Services
Idea 5: Fresh Juice Business
You have to select 2 ideas from above “test” through a research process. Your summary will involve a preliminary market overview of these entrepreneurial solutions, exploring:
Competitors,
Customers,
Product/service,
Suppliers,
Business location, and
Industry.
Your summary should include research under the subheadings:
i) Demographics and segmentation,
ii) Target market,
iii) Market need,
iv) Competition,
v) Barriers to entry, and
vi) Regulation.
In this assessment, a preliminary market overview must include key business aspects under each of the suggested subheadings. Your writing is expected to be clear and well-evidenced with reliable sources.
Overall, you will be assessed on how critically you:
Identify and evaluate business ideas,
Consider resourcing for business ideas,
Identify and discuss ethical issues, and social or business responsibility issues, and
Describe how potential investors and team members might be sourced.
Requirements: 1500