Business Viability and its Impact on the Community What I Can Do Since this is you last module on Applied Economics, you are give a task to apply what you have learned. Please read the instructions carefully. APPLICATION. Research on business opportunities. Look for a business where the industry is not yet saturated with so many firms. You can apply the Herfindahl - Hirschman Index discussed in the chapter. Once you have identified a business, prepare a simple Business Proposal. The BUSINESS PROPOSAL should include the following: a. Introduction/Company background b. Vision Statements c. A description of the good or service to be offered; d. Target market of your product e. Proposed location and reason for the choice of this location; f. Long - term objectives of the business; g. Estimated capital requirements; h. Sources of the capital; i. Form of business organization: Sole proprietorship, Partnership, or Corporation j. Suggested pricing for the product or service; k. Mode of promotion or advertising used; 1. Technical requirements: Machines, Building, Tools needed; and m. Socio economic Impact: Positive Effects of the Project and Negative Effects of the Project. RUBRIC FOR SCORING Excellent- Very Good Good Poor 5 4-3 2 1-0 Introductory Elements Vision Statements/ Objectives Business Description Products / Services Marketing Industry Analysis Technical Requirement Socio Economic Impact Writing Skills