SHARK TANK PROJECT 1.CREATE AN IDEA FOR A NEW PRODUCT (PRODUCTS MUST NOT BE PRE-EXISTING OR BE TOO SIMILAR TO AN EXISTING PRODUCT. 20 pts . 2.CREAT A BUSINESS NAME AND MODEL, AS WELL AS A MISSION...

1. Idea of the product: A device to control all electronic appliances in a household remotely
2. Company and product details
Name of the business: Wireless Solutions
Business model: B2C
Mission statement: Technology define future, we are aiming to offer best wireless products to the people from every generation to utilize technology at highest possible extent.
Name of the product: ControlU
3. Research and answer
i) The product will be a small wireless device like smartphones. By using this device, a person can synchronize all electronic devices in a household. It could be TV, washing machine, room cleaner, refrigerator, light, fan, air-conditioner and so on. Switch on and switch off will be the key feature, along with these additional feature will be accessible based on the nature of the appliance that the person is trying to control. For example, speed of a fan can be controlled by the device.
ii) As the device will be capable enough to control every electronic appliance therefore,...