ENT 530 Business Model Canvas: React Company / Syamim Najiha Mohamad Sahibullah ... [et al.]

REACT Company produces truly innovative and useful 3-in-1 backpacks with fast and reliable service. The priority of this marketed product is to assist students as well as pedestrians and motorcyclists because this product is produced with various advantages in terms of safety and convenience. This is due to the fact that this 3-in-1 backpack is waterproof and lightweight, flexible, and equipped with security materials such as neon strip printing and an RFID blocking system. This backpack also has more compartment space.
This Business Model Canvas demonstrates how to develop a new idea and create a better flow of doing business, as well as how to obtain a loan or grant from a financial institution. Furthermore, the content of the Business Model Canvas covered all aspects of a new start-up business in order to guide newcomers to the industry in determining what is most important. It also includes an analysis of the competitors' SWOT to get an idea of what is a real deal of the market in the same nature of business, so that we are aware of any future events.
The content of the Business Model Canvas, such as key partners, key resources, revenue streams, and other key points, is intended to guide us in interpreting market deals. The most important thing is to ground ourselves in the reality of the business. The purpose of the analysis is to ensure that we do not make too many mistakes when we are in a real-life situation.