Suppose you have decided to start a business producing and selling a product of your choice. Answer the following questions related to your product:

Briefly describe the product you would produce and sell. What specific market will you target this product for? Why would the target market buy this product?

Make a detailed list of the materials needed $($with individual costs$)$ to make your product. How much in materials will you need for the year?

Make a list of expenses you would incur in your business venture. Examples include rent, utilities, insurance, direct labor, manufacturing overhead costs, and so on$.$ Estimate the cost of each of these expenses per year.

Based on your cost analysis, at what price would you sell your product? Calculate how many units of your product you would need to sell to break even. Show your work.

Why do you believe that this venture's target profit is achievable? Explain.