Question: Sayeed, a talented engineer, is developing a pocket-sized washing machine called Fly Machine. In a bucket of water and clothes, you put Fly Machine and

Sayeed, a talented engineer, is developing a pocket-sized washing machine called Fly Machine. In a bucket of water and clothes, you put Fly Machine and the device vibrates at very high frequencies, causing ripples that hit stains in clothes and remove them. Sayeed is unsure whether this innovative product has any demand in the market. As he does not come from a business background, he seeks your help.

How should Sayeed develop this idea to come up with a product that the market wants? (5 marks).

How will you strategize Sayeeds future production plan when the product gains initial traction in the market and explain the consequences of a wrong plan? (10 marks).

If you do end up making a mistake, what are some ways you can cut down costs? (10 marks)

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