The business idea is a conference organization company, so I must find a solution to these questions.

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Question:

The business idea is a conference organization company, so I must find a solution to these questions. the student should explain the following points about their business idea:-

Part One:
1-The proposed legal status of business (Partnership, sole proprietor) and explain how you chose your business location

2-Detailed explanation of the following:
A. Product or service to be produced.
B. Good/ services features
C. Is this product/services new or existing or franchising?

3-Innovation and creativity in your business Innovation and creativity in your business (Is it Product innovation, Process innovation or Marketing innovation)

4-Why people buy this product or service

5-Describe your target customer

6-What is the impact of your business in the economy or what is the value added to the Oman economy (e.g., number of jobs will be created, technology, innovation, etc.)? and impact on Society and larger firms. The student has to explain well here

Part Two:
1-What is the related industry to your business idea? Explain the industry growth and how your business is fitting to this industry?

2-Explain: how do you identify your business opportunity (is it a trend, solving a problem or market gaps or is it combined between different ways) Students must be clear and specific in their answers

3-What are the Qualities of Opportunity that made you choose this business?

Part Three: Feasibility Test:

1-Summarize the questions in the feasibility test template and highlight the main findings (enclosed the table of feasibility test) and explain the important of product/service feasibility analysis?