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Question Due to Covid -19 pandemic, your employer has retrenched few employees to keep the business afloat and you are one of them. Thus, you

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Question Due to Covid -19 pandemic, your employer has retrenched few employees to keep the business afloat and you are one of them. Thus, you have decided to start own business. To start a business, you are required to prepare a report that will address the following: (a) Select ONE (1) service or product that you want to offer and provide detailed description about the product/service. (3 marks) (b) Discuss THREE (3) pros and THREE (3) cons of choosing the product or service for your business. (12 marks) (e) Describe with examples the marketing strategy that you must undertake to determine which customer you will serve, and how you will serve them. (40 marks) (d) Determine in what stage of the product life cycle is your service product falls and briefly explain the marketing strategies that you must employ for the said stage. Substantiate your explanation with examples. (40 marks) (e) State the foreign country that you will choose if you want to expand your business and provide TWO (2) reasonable reasons on why the said country

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