See instruction attached. Please advise if you understand what is being asked in your response

QUESTION D.Q. #1

Let us start thinking like Entrepreneurs.

The landscape of Jamaica is changing because of greater emphasis being placed on the establishment of local businesses. As such, the government has created different funding opportunities to stimulate the growth of small and medium-size businesses. The aim of this is to stimulate economic growth and job creation. As an aspiring entrepreneur, investigate the current business landscape in Jamaica and identify one need that is either not being fulfilled or is partially being fulfilled and explain how you would create a business entity to satisfy this. In your response, clearly develop the following:

1.      The need that you have identified.

2.      The type of business and industry that this entity would fall into.

3.      How will this business satisfy such a need?

4.      What are the impacts (gains) that this firm will have on the identified need?

RESPONSE D.Q. #1:

Agriculture is one of the business ideas that will help the economy to grow in Jamaica. The significant problem that Jamaica has been going through as a country is the stock exchange. This will allow the nation to satisfy itself internally and export some of the excess food to other countries on the continent, making its economy expand quickly (Campbell, 2021). I want to start as an entrepreneur by farming coffee and tea and selling them across the country. Coffee and tea are something that is mainly imported in Jamaica. I can use this chance to capture a lot of customers countrywide and enlargen my supply.

This type of business and entity would fall into the agriculture sector. Agriculture is one of the significant sources of revenue for the country (Campbell, 2021). This is after tourism. Farming is not something that Jamaican citizens mainly practice. Identifying this gap and taking full advantage of this type of idea may expand the business and make it an international company.

This business will satisfy such a need by making it possible for the residents to buy locally manufactured tea and coffee since research shows that most people living in Jamaica love drinking coffee.

This company's gains are that most people will promote the locally sold tea and coffee since I will be selling the at a much lower price than those imported from different places in the world (Campbell, 2021). The products will also be readily available, and the company will make sure that the product is always in good circulation and the supply chain will always be balanced. The products will never run out of supply, so that people will always count it as a reliable product.

Reference.

Campbell, D. (2021). Environmental change and the livelihood resilience of coffee farmers in

Jamaica: A case study of the Cedar Valley farming region. Journal of Rural Studies, 81, 220-234.