TasksSelect a consumer product that is not made in and not available in Hong Kong. If customers can buy the product in Hong Kong, they will not buy it from your company. The new or niche product can be food and beverage, skincare products, camping and hiking gear, pet food and accessories, vintage clothing and accessories, toys, collectables, or other consumer products, etc.Write a business proposal to set up a company that sells and distributes the product to customers in Hong Kong. Specifically should: a. decide and explain the product selection.(Word cap: 400 ) b. identify the companys target customers and their needs.(Word cap: 400 ) c. identify the companys supplier(s) of the product.(Word cap: 400 ) d. assess the uncertainty of demand and supply of the product.(Word cap: 400 ) e. establish and justify the companies competitive strategy and supply chain strategy.(Word cap: 400 ) f. estimate the demand for the product, determine the price, and estimate the profit.(Word cap: 400 ) g. decide and explain the transportation modes and routes for import of the product into Hong(Word cap: 400 ) Kong. h. decide and explain the distribution network of the product in Hong Kong.(Word cap: 400 ) i. decide and explain the purchasing and inventory policy for the product.(Word cap: 400 ) j. decide and explain other logistics practices, e.g., warehousing, packaging, etc. (if any).(Word cap: 400 )