Identify the various barriers to entry to the market in which the proposed business will compete. (SLO 3.4) (15% of grade for assignment) (1/2-1 page) Evaluate and specify the potential demand and buyers of the proposed product. (SLO 3.3, SLO 12.4) (15% of grade for assignment) (1/2-1 page) Identify the degree of price, income and cross elasticity of demand for the proposed product and their influence on the various pricing and production strategies of the proposed business. (SLO 3.1) (15% of grade for assignment) (1-2 pages) Use the Internet and research the current performance and the future forecast for the industry that your proposed business belongs. (SLO 3.1, SLO 12.3, SLO 12.4) (15% of grade for assignment) (1/2-1 page)
