One of the most important elements in a business plan is the market analysis. A market analysis is a qualitative and quantitative assessment of a market. It includes data collection and estimation in reference to the market size and value; characteristics of the intended customer base; in-depth understanding of the competition; barriers to entry and the regulatory environment. An accurate and detailed market analysis allows entrepreneurs to determine whether the market is sufficiently large to build a sustainable, profitable business. In this assignment, you will prepare a portion of the market analysis for your proposed business. You will create a report that can be included as part of your digital portfolio.
Write a 525-word report that includes the following sections:
Section 1: Business overview, mission and vision
Section 2: Market analysis
Section 3: Recommendation
Use the Market Analysis Research (Attached in Upload) document for details on what to include in each section.
Cite references to support your assignment.
Format your citations according to APA guidelines.