Please select and observe any small business in your area. The observation must be at least 1 hour. Based on your observation, prepare a report that will address the following:
1. Identify the business name, location, and hours and days of operation.
2. Does the business operate in a strategic location?
3. Describe its products and/or services.
4. Identify its key customer. 5. Why do you think that customers buy their product and/or service from this company?
6. Identify 2-3 competitors and describe how this business differentiates itself from them.
7. Does the business have a competitive advantage?