Describe the market opportunity


Questions:

Venture Idea and Need/Opportunity

Your first team task will be to brainstorm a new venture idea and describe the market opportunity. Think of yourselves as entrepreneurs seeking to take an idea and making it into a feasible opportunity that will generate revenue.

What products or services are being offered? Where is it located (bricks/mortar/online/both)?

Describe the market opportunity. What trends are favorable to the venture? Is the market growing? Keep in mind you should not assume that the reader is familiar with your product/service, so be sure to explain and describe it carefully. Your instructor will need to approve your idea before moving forward.

NOTE: Keep in mind as you complete each task of the feasibility plan that the end result will be a prepared professional plan. You and your team will take all the information gathered and combine it into one organized and professional document representing a business plan.

Each team must submit their venture idea and market opportunity to the appropriate course

Attachment:- Feasibility Plan.rar

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Marketing Management: Describe the market opportunity
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