Problem
I. To recapitulate, market analysis is a quantitative and qualitative evaluation of a market. The goal is to look on the size of the market both in volume and in value, the various customer segments and buying patterns, the competition, and the economic environment in terms of barriers to entry and regulation. Discuss market analysis comprehensively by citing a scenario on how to effectively apply it on a specific business you have chosen. (Remember to focus on selecting the best product or service that will meet the market need)
II. What are the common barriers to entry that the entrepreneurs can experience in business operations?