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City University at PJ branch looking for an entrepreneur to invest in setting up a few vending machines in different branches of the university. The

City University at PJ branch looking for an entrepreneur to invest in setting up a few vending machines in different branches of the university. The University will provide the location and is ready to waive the rental for the location. The profit from selling products will be shared with the university in a scheme of 40%(university) and 60%(investor). You as an entrepreneur with RM50,000 have given the university such a proposal.
Q 1. Check the feasibility of sucha proposal regarding customer attraction, sales, location strategy and market demand?
Q 2. Discuss the type of product that you prefer to offer (Coffee Machine, soft drinks, crackers and somelight foods-instant noodle, etc)?
Q 3. Come up with a short survey consisting of 10 questions to ask students about 50 students to find out about market demand and students (customer) preference (you do not need to send the survey to students and just provide the qustions that you are willing to ask students)?
Q 4. After analyzing the conditions above, develop an installation plan and how you are willing to spend your money to purchase the machines. Let's say the price of a vending machine is from RM5000 to RM20,000 based on the capabilities and number of items they can reserve and in terms of used technology (i.e., a vending machine with a touch screen and capabilities to receive money from visa card will be more expensive)?

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