Demonstrate your managerial competence by gathering an adequate amount of useful information, using the appropriate budgeting tools to evaluate the data, subject it to a risk analysis, on excel and offer a conclusion based on your results and your assessment of the risk. You should analyze your topic from the perspective of a consultant or analyst who will present the information and recommended decision to a client (in this case it can be directed to dog owners). Assume the recipient has a good grasp of economic and management principles and knowledge of the business. Use supporting material like spreadsheets, tables, diagrams, drawings, photographs, and other graphics to supplement your narrative. You are trying to see if owning this business is profitable or not.

Whats the description is on....

Product of dog collars that are equipped with sensors that collect data on your dogs heart rate, respiration, and activity. It comes with a mobile app that connects to your phone to enable real-time monitoring. This app also comes with notification settings that alert you when your dogs heart rate or activity levels increase from their normal levels.

For the app that comes with the collar you will be looking into development costs. This includes the pricing for hiring developers and designers for coding, and app design. Maintenance costs like regular updates, bug fixes, and technical support. Payment and transaction costs of the subscription-based services. also need to factor in payment processing and transaction fees charged by app stores, and customer service costs.

For the collar itself you will be looking into production costs which includes the cost of raw materials, labor, machinery, and equipment. Packaging and shipping costs with the cost of transporting, handling, and delivering the product to the intended recipient. Marketing Costs, this includes the cost of promoting the product through advertising. Sales and distribution costs which are the retail stores, and distributors. Legal costs, associated with obtaining patents, and trademarks. Lastly, administrate costs, like rent, utilities, salaries, and taxes.

estimate costs to the best of your ability or how much you think it will be