Develop an idea to solve a current business problem. Analyse the business landscape around you and develop a product or service that can significantly solve any creative problem.

Question 1 Describe in detail what the idea is and why it is beneficial for society and business market?

Answer 1 ) The idea is to develop a messaging app that can be used to communicate with customers and solve customer service problems. The app would work by allowing customers to send a message to a company representative, who would then be able to respond to the customer in real time. This would allow for a more efficient and effective way of solving customer service problems, as well as providing a more personal level of service.

The current system for solving customer service problems is often inefficient and ineffective. This is because customers often must wait on hold for a long period of time, or they may not be able to get through to a live person at all. In addition, when they do finally get through to someone, the customer service representative may not be able to solve their problem. This can be frustrating for customers and can lead to them taking their business elsewhere.

The messaging app would work by allowing customers to send a message to a company representative. The representative would then be able to respond to the customer in real time. This would allow for a more efficient and effective way of solving customer service problems, as well as providing a more personal level of service.

The app would be beneficial for both customers and businesses. Customers would no longer have to wait on hold or worry about whether their problem would be solved. businesses would be able to resolve customer service problems more quickly and efficiently, leading to happier customers and more business.

Question 2 Draw a picture of it (prototype) and describe how it will work in a step-by-step process. ( 200 words).

Question 3 What market is it for? E.g., consumer, business, government and what is the expected market demand? (200words)

Question 4 What socio-demographics is it targeting and why?(200 words)

Question 5 How much will it sell for and how will it be distributed?(200words)

Question 6 Discuss how will you get it into the marketplace in terms of research and development, timing, laws, regulations, political challenges, and market entry.(400 words)

Question 7 Discuss how you will minimise any risks and take advantage of any potential market opportunities. (400 words)

Question 8 Discuss how future innovations and societal changes will influence the ideas development.(400 words)

IMPORTANT NOTE;- answer any question(not question 1) you can based on answer 1, please leave the website you used to answer this (for reference purposes)