Reference no: EM133170515

Can you please explain and answer this question(case):

The Case:

As a fresh graduate from the Centennial College program, your first job will be consulting someone who has contracted your services to start off a new business in Canada. The client is new to Canada, and is coming here with enough money to start their new venture. He/she is not sure which business makes sense for commercial purposes given how things are in Ontario. Presumably, you know about these things.

You must compile a report that addresses the fictitious business you are consulting for as it makes progress through time.

You will suggest a business to your client describing the following: 

1. Identify a business opportunity in relation to the existing Canadian business environment.
2. Identify a product, either a good or a service, that will take advantage of this opportunity.
3. Who is your competition for this product, either direct competition or substitute products?

Relevant information:(Know and understand basic business functions and types of business organizations

• Describe the business plan and the start-up decisions made by small businesses
• Discuss how the concept of social responsibility applies to both environmental issues and to a firm's relationships with customers, employees, and investors

Explain specialization and departmentalization as the building blocks of organizational structure