Market Opportunity |Course hero helper
Posted: February 4th, 2023
Description
Key Assignment Draft
You will use the new venture business plan from ENTR615 for this assignment. The new venture business plan from ENTR615 should include the following sections:
- Table of Contents (TOC)
- Mission Statement
- Vision Statement
- Product or Service
- Market Opportunity
- Competitive Environment
Part 1
Incorporate any new information generated during this course to the following sections of your new venture business plan from ENTR615:
- Product or Service
- Market Opportunity
- Competitive Environment
Part 2
Generate the following new sections for your new venture business plan from ENTR615:
- Facilities
- Operating Plans
- Legal Structure
Be sure to address the following for this assignment:
- Compile the requisite sections, and insert them into the wireframe of your plan.
- Begin the process of editing your writing.
- Begin to explore how you plan to alter the tone of your writing so that it is less academic and more businesslike.
SOLUTION
Market opportunity refers to a potential market for a product or service that can be profitable if the company meets the needs and wants of its target customers. It is an assessment of the potential size and growth of a market, taking into consideration factors such as competition, consumer behavior, and trends. Companies use market opportunity analysis to determine if entering a market is feasible, and if so, what strategies and resources are needed to be successful.
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