Chapter 6 New Product And Business Idea

A Proposal is a business plan written with the intent to attempt to secure investments for your business idea or product. There are many ways to construct a proposal. One of the steps in writing a proposal is to find the feasibility or worth of your idea or product.

EXAMPLE:
Question 1. What is a proposal?

Answer 1. A proposal is a business plan written with the intent to secure investments for your business ideas.

ASSIGNMENT:

Decide on a new product or business idea. Try to be unique and original as possible. Answer the questions below that will help you realize the feasibility of your product or idea.

1. A thorough description of the product:A) It’s use/purpose B) Why is it useful?

2. Who would buy this product or patronize this business?

3. What makes this product/business/service “Stand Out” from the rest?

4. Come up with a slogan or logo for the product/business/service if possible.

5. Who is the competition?

6. What are the advantages and disadvantages in comparison with the competition

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