One of the most important elements in a business plan is the market analysis A market analysis is a qualitative and quantitative assessment of a market It includes data collection and estimation in reference to the market size and value, characteristics of the intended customer base, in depth evaluation of the competition, barriers to entry, and the regulatory environment An accurate and detailed market analysis allows entrepreneurs to determine whether the market is sufficiently large to build a sustainable, profitable business In this assignment, you will complete a market analysis for your proposed organization and create a report that can be included within a business plan Business Online App Only Clothing Boutique Write a 525 word report that includes the following sections A Market analysis that includes the following components Investigate and list your current competitors For example, if youre manufacturing and selling exercise equipment, current competitors would be companies like NordicTrack or Nautilus, Inc To simplify the process, limit yourself to businesses you are competing directly against If your business is a local bistro, then your competitors are other local similar restaurants Research and estimate the size of your intended market Market size is the number of potential customers or unit sales for your products services Consider the nature of your business when researching market size For instance, if your business is a local bistro, then your market size is determined by the population within a reasonable radius of the restaurant, say, 5 15 miles maximum On the other hand, if your business intends to sell a low weight mountain bicycle online, then the market size is the average number of low weight mountain bicycles sold nationwide annually Estimate the value of your market Market value is the potential revenues the market has to offer For instance, suppose low weight mountain bicycles have a market size of 300,000 units a year with a $500 average price Then the market value would be $150,000,000

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One of the most important elements in a business plan is the market analysis. A market analysis is a qualitative and quantitative assessment of a

One of the most important elements in a business plan is the market analysis. A market analysis is a qualitative and quantitative assessment of a market. It includes data collection and estimation in reference to the market size and value, characteristics of the intended customer base, in-depth evaluation of the competition, barriers to entry, and the regulatory environment. An accurate and detailed market analysis allows entrepreneurs to determine whether the market is sufficiently large to build a sustainable, profitable business. In this assignment, you will complete a market analysis for your proposed organization and create a report that can be included within a business plan.

Business: Online/App Only Clothing Boutique

Write a 525-word report that includes the following sections:

A Market analysis that includes the following components:
- Investigate and list your current competitors. For example, if youre manufacturing and selling exercise equipment, current competitors would be companies like NordicTrack or Nautilus, Inc. To simplify the process, limit yourself to businesses you are competing directly against. If your business is a local bistro, then your competitors are other local similar restaurants.
- Research and estimate the size of your intended market. Market size is the number of potential customers or unit sales for your products/services. Consider the nature of your business when researching market size. For instance, if your business is a local bistro, then your market size is determined by the population within a reasonable radius of the restaurant, say, 5-15 miles maximum. On the other hand, if your business intends to sell a low-weight mountain bicycle online, then the market size is the average number of low-weight mountain bicycles sold nationwide annually.
- Estimate the value of your market. Market value is the potential revenues the market has to offer. For instance, suppose low-weight mountain bicycles have a market size of 300,000 units a year with a $500 average price. Then the market value would be $150,000,000.