undertake a market opportunity analysis for a new product

Order Description
Assessment 2 requires you to undertake a market opportunity analysis for a new product. You will present the market opportunity analysis as a portfolio. This portfolio should be 1500-2000 words maximum in length not including references.
Your task in Assessment 2 is to choose ONE (1) of the options listed below and write a market opportunity analysis focusing on current Australian market conditions to determine market attractiveness for your product.
a) G-RO carry-on luggage, viewed 31/01/2016,

b) Litelok secure bike lock, viewed 31/01/2016,
https://www.kickstarter.com/projects/189084529/litelok-lightweight-flexible-and-super-secure-bike
c) Sensorwake smell-based alarm clock, viewed 31/01/2016,
https://www.kickstarter.com/projects/222459303/sensorwake-wake-up-happy-with-the-smell-based-alar
NB: The option you choose will also be used in Assessment 3.
You will need to address the following criteria:
1. Describe the new product chosen and current market conditions in Australia. Research evidence is expected to help support discussion on the market, product performance, competition and distribution;
2. Conduct a strengths, weaknesses, opportunities and threats (SWOT) analysis;
3. Explain the nature and scope of marketing in general including your understanding of the marketing concept;
4. Explain the key concepts and tools of marketing and their respective roles in business;
5. Explain your understanding of marketing research techniques and analysis, and how they are important to marketing decision-making; and
6. Differentiate between the marketing mix and the extended marketing mix.
Instructions
Your portfolio should contain the following:
• A single Word document that addresses each of the 6 criteria listed above plus a reference list showing use in-text of at least six (6) scholarly sources of information, excluding the course text. Use size 12 font with 1.5 line-spacing in this Word document (no PDF).
• An appendices attached at the end of the Word document that includes:
• Self-evaluation documenting your learning journey.
• Any other supporting items such as graphs, charts, tables and diagrams you deem suitable.