Due to the corona virus pandemic, there is a supply shortage of hand sanitizer around the world as well. Assume you and your business partners are considering to set up a new manufacture which produces hand sanitizer. Your partners have asked you to preparepresentation for them to consider whether it is a good idea to start this new business project at this moment and make decisions. You are now preparing the presentation.

Assumptions:

You and your partners have no previous experiences on how to set up a factory. You and your partners have zero knowledge on how to produce hand sanitizer. Startup investment on this project will be limited.

Guidelines:

DO NOT need to justify your finding(s) mathematically.

DO NOT need to collect any data at this stage, present your finding(s) with proper qualitative and/or quantitative tools to make various decisions for the new business. You need to describe your selections and justify how and why you would use these tools to solve the potential problems.

You need to apply any FIVE sets of qualitative and/or quantitative tools in your presentation.

Below are some of the suggested questions you should consider when preparing your presentation. You need to apply the suitable (either qualitative or quantitative statistical) tool(s) to answer the questions.

1. You need to collect and analyse data at the beginning stage. Any issue(s) you need to be aware of when collecting and analysing the data?