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Part 2 (Marks: 30 Now that you have identified a problem, provided a business idea to solve the problem and alsc reflected on your own entrepreneurial characteristics and possible business risks, you are now going to interrogate whether your idea meets the characteristics of a successful product or service. You will also explain the type of business ownership that your business will enter into and resources that are required for the business. Finally, you will analyse the environment to assess whethe environmental conditions are favourable for you to enter the business world. As with other tasks, you will need to conduct research beyond the textbook to complete this task. 1. Justify whether your proposed solution/idea meets the characteristics of a successful (5) product or service idea. NB: Refer to characteristics of a successful product or service idea - focus on any five characteristics. 2. Briefly explain the type of business ownership that your business will enter into. (2) 3. Describe at least five resources that you will need for your business to start (5) operating. 4. Conduct an external environment analysis focusing on five Macro-factors. (18