Guidelines for Preparation of Business Model $($Group Project$)$:This activity needs to be conducted in group of $4-5$ peers from the class. You may form a new group or continue with the group with which you participated in Simulation Activity of this course. As part of this activity, you are choosing to develop an overseas venture with due focus on an international trade obligation related to the selected venture. Your Business Model shall comply with below guidelines $-$Business Model Components:Provide a clear description of the selected overseas venture.Define the target market and customers for the venture.Identify the key products or services that will be offered.Describe the revenue streams and cost structure of the venture.Explain the value proposition and competitive advantage of the venture.Develop a marketing and sales strategy for the venture.Analyze the legal and regulatory requirements for international trade.Include a risk assessment and mitigation plan for the venture.Evaluation:The business model will be graded on its completeness, feasibility, and creativity.The group will also be evaluated on their collaboration and communication skills.By following these guidelines, students will be able to develop a comprehensive business model for an overseas venture with a focus on international trade obligations.Submission Guidelines:Fonts: Times New RomanFont Size: Headings $14$; Paragraphs $12$Line Spacing: $2\mathrm{.}0$Text: Justified $($ctrl $+$ j$)$Version: PDFWord Expectation: $2000-3500$