Instructions
Read the following questions and provide detailed responses based on your understanding of making and selling a product. Use the spaces provided for your answers.
1. Describe a product that you would like to make and sell. What is it, and what makes it unique?
2. Who is your target market for this product? Describe the demographic of your ideal customer.
3. What are the steps you will take to create your product? List and explain each step.
4. How will you price your product? Consider costs, competition, and profit margins in your explanation.
5. What marketing strategies will you use to promote your product? List at least three ways and explain why you chose them.
6. Describe one challenge you might face when selling your product and how you plan to overcome it.
7. Why do you think your product will succeed in the market? Provide reasons to support your answer.