Carry out an analysis of a market demand

Dear NDBNF12,

Today, we have covered the topic on to carry out an analysis of a market demand. There are many issues and questions to be answer in setting up/running your business. The questions such as:

• What are you offering?
• Who are your customers?
• Where is your market?
• How big is that market?
• What is happening in the market?
• What are customers looking for?
• What should customers buy what you offer?
• Who are your competitor?

Therefore, you need to be aware of the above as to make sure that you will be running your business effectively and smoothly.  As for your next activity, I have decided for your group to create a website / blog /Facebook etc. for your imaginary business that you have formed/set up. Its up to your group what information that you want to include in the site. The main important thing is that this site must be real and people know about their existence.

Hope to see your site. k Bye..:D