Market Analysis Research DAT/565 v3 Wk 3 Market Analysis Research Section 1 - Business overview, mission and vision Describe the proposed business. Address the following in your summary: · What type of product/service will it offer? · What is the intended market? · What is the business model? Articulate the business’s mission and vision statements. Section 2 - Market analysis  Based on your intended product or service, describe the characteristics of your customer base. Investigate and list your current competitors.

For example, if you’re 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 0 average price. Then the market value would be 0,000,000. It can be difficult to estimate market value as you must make assumptions related to market size and average unit price. Use the expected value concept introduced in Chapter 6 of the textbook and the chart below to do the estimation. Expected Market Value: Mountain Bicycle Scenario  Assumptions  Probability p(x)  Units ('000)  Avg.

Unit Price ($)  Market Value ('

Market Analysis Researchdat565 V3page 2 Of 2wk 3 Market Analysis Rese

Market Analysis Research DAT/565 v3 Wk 3 Market Analysis Research Section 1 - Business overview, mission and vision Describe the proposed business. Address the following in your summary: · What type of product/service will it offer? · What is the intended market? · What is the business model? Articulate the business’s mission and vision statements. Section 2 - Market analysis  Based on your intended product or service, describe the characteristics of your customer base. Investigate and list your current competitors.

For example, if you’re 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. It can be difficult to estimate market value as you must make assumptions related to market size and average unit price. Use the expected value concept introduced in Chapter 6 of the textbook and the chart below to do the estimation. Expected Market Value: Mountain Bicycle Scenario  Assumptions  Probability p(x)  Units ('000)  Avg.

Unit Price ($)  Market Value ('$000)  Pessimistic  0.30  200  450  90,000  Most Likely  0.50  300  500  150,000  Optimistic  0.20  375  550  206,250  Expected Market Value ('$000)  102,110  Estimate the total addressable market or TAM. This is the fraction of the total market you realistically estimate to get. Most businesses have a relatively modest market share, well under 20%. For example, if we expect to get a 5% share of the mountain bicycle market, then our TAM would be: 0.05 * $102,110,000 = $5,105,500 or approximately $5.1 million. Section 3: Recommendation Based on the information collected, do you feel it is a good idea to continue with the implementation of the business?

Explain why or why not. Cite references to support your assignment. Format your citations according to APA guidelines. For extra credit of 2 pts each, number the blocks from the oldest layer/event starting at 1 to the youngest event which will be the highest number on the diagram. Describe in detail how this geologic sequence came to be.

Include processes and events like folding, faulting, tilting, deposition, instrusions, and unconformities. 2 pts each Each row is 4 pts. B. In dating geologic materials, age determinations are often cross-checked by using different isotopes from the same sample. Why is this good science?

2 pts C. To which geologic Era can you assign the basal granite (uraninite and zircon samples)? 1 pt D. To which geologic Era can you assign the younger granite intrusion (mica samples)? 1 pt E.

To which geologic Era can you assign the volcanic ash bed? 1 pt F. Combining the radiometric ages and the relative age principles you know, construct a sequence of events for the block diagram. 2 pts 2 pts Each row is 4 points. pt each 1 pt each Final questions: How are absolute dating and relative dating different? 2 pts In your opinion, is one method better than the other?

2pts Imagine that you had to tell someone who didn’t know radioactive material decays into daughter atoms. How could you describe this process to them? Include a description of half-life in your answer. 4pts