MNE2601 Assessment 03 You are required to conduct a feasibility analysis of a business idea of your own. Smart Solar Backpack for Students Product/Service Feasibility The aim of this section is to determine whether the Smart Solar Backpack a backpack

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Table of Contents
............................................................................................................................................. 1
Smart Solar Backpack for Students......................................................................................... 3
Product/Service Feasibility ..................................................................................................... 3
Steps and Components .......................................................................................................... 3
Primary vs. Secondary Research ............................................................................................. 3
Concept Statement ................................................................................................................ 4
Prototype/Usability Testing ..................................................................................................... 4
Type of Industry...................................................................................................................... 4
Industry Description............................................................................................................... 4
Nature and Degree of Competition ......................................................................................... 5
Profitability ............................................................................................................................ 5
Factors Affecting Profitability .................................................................................................. 5
Market Factors ....................................................................................................................... 5
Technical and Legal Feasibility................................................................................................ 6
Estimated Earnings ................................................................................................................ 7
Organisational Feasibility ....................................................................................................... 7
Management Aspects ............................................................................................................ 7
Organisational Structure ........................................................................................................ 7
Resource Sufficiency ............................................................................................................. 7




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