Question: The business uses 4 ir , to develop / make a bicycles that uses a battery to change gears depending on the slope of the

The business uses 4ir, to develop/ make a bicycles that uses a battery to change gears depending on the slope of the road, the battery of
the bicycle will be used in the selection of gears to make the user be aware of the speed to use in a given path. On the handle there will be
two buttons one on the and one on the right. The buttons on the left will be used to change the middle/ forward gear and the one on the
right will be used to change the backward gear. The business/ company will use a recycling program to get the frames of old bicycle
including piece by piece materials that are of steel product and will also install the battery on the moving bicycle. The battery will be
designed in a way that show the bar of the power in the battery. The battery will be created with a little solar charging and power charging
where one of the charging can be used, the battery usage will have a capacity usage of 2000mAh(2Ah), and the battery voltage is 12V, and
the Total energy stored on the battery is 24Wh, which is designed to last 12hours.
Using the above information, Write the market analysis Research your industry The purpose of this step is to gain an understanding of
your industry at large, so that you know how to enter it and compete with other brands. The questions to include in the questionnaire are:
How many businesses are in this industry?
Whats the size of the market in terms of the number of potential customers?
How much revenue does the industry generate?
What are the industry standards by which companies and consumers operate?
What external factors have a bearing on how businesses in this industry operate i.e., the regulations, new technologies, world events,
economic and social change?
Are there opportunities to innovate within the industry?

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