In Week 3, you will further develop your business plan by delving into the specifics of your target customers and conducting a thorough analysis of your competition. This assignment aims to provide a deep understanding of the market dynamics surrounding your business. Instructions: Target Customer Analysis: Demographic Profile: Develop a detailed demographic profile of your target customers, including age, gender, location, income level, and other relevant characteristics. Psychographic Factors: Explore the psychographic aspects of your target audience. What are their values, interests, and lifestyle choices? Needs and Preferences: Analyze the specific needs and preferences of your target customers related to your product or service. Competition Analysis: Identify Competitors: List and briefly describe your main competitors in the market. Include both direct and indirect competitors. Strengths and Weaknesses: Conduct a SWOT analysis for each major competitor, highlighting their strengths and weaknesses. Unique Selling Proposition (USP): Discuss what sets your business apart from competitors. What is your unique selling proposition? Comparison Chart: Create a visual comparison chart that outlines key attributes of your target customers and major competitors. This could include demographics, psychographics, strengths, weaknesses, and your USP