Is there a need that you have as a consumer that is not met by any product in current market?

SummaryYou will complete a marketing plan for a new business of your choice, as if you are starting a small business together in the hospitality industry. The marketing project is separated into two components: final report and the presentation.Important TipsApply the marketing knowledge you learned in class to your project. This will help you develop a strong marketing plan, and will also give you a higher grade.Stay focused: ONLY present directly relevant information in your papers and presentations.Be as specific as possible. For example, instead of saying the prices will differ across order sizes, give specific numbers (1: $10, 2: $18, etc)Provide an argument for your decisions. For example, if you are going to charge $20 for your service, also states WHY you think that price is reasonable or optimal.Choosing a BusinessFor your hospitality business, new good or service would be better.A few pointers to keep in mind when choosing a business:Something small. This will help you be more focused and make it easier for you to apply marketing concepts in straightforward manner.Start with your own problem – is there a need that you have as a consumer that is not met by any product in current market?