Mini Project - 1
Mini Project - 1
ON
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CERTIFICATE
I ___VISHAL YADAV________ Roll No. ______________________from MBA-I Sem, of
Mangalmay Institute of Management & Technology, U.P. hereby declare that the Mini Project-1
(KMBN 152) entitled _____SOLAR IRON CART________ submitted in partial fulfillment of
Master of Business Administration (MBA) to be awarded by Dr. A.P.J. Abdul Kalam Technical
University Lucknow is an original work and the same has not been submitted to any other
Institute for the award of any other degree.
Certified that the Mini Project-1 (KMBN 152) submitted in partial fulfillment of Master of
Business Administration (MBA) to be awarded by Dr. A.P.J. Abdul Kalam Technical University
Lucknow by ______________________________Enrolment No.
________________________________has been completed under my guidance and is Satisfactory.
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ACKNOWLEDGEMENT
This project is the outcome of sincere efforts, hard work and constant guidance of not only me but a
number of individuals. First and foremost, I would like to thank MANAGLMAY INSTITUTE OF
MANAGAEMENT & TECHNOLOGY for giving me the platform to work with such a prestigious
company. I am thankful to my faculty guide Dr. Himani Shonik for providing me help and support
throughout the Project Report period. I owned a debt of gratitude to my faculty guide who not only
gave me valuable inputs about the industry but was a continuous source of inspiration during these
months, without whom this Project was never such a great success. Last but not the least I would
like to thank all my faculty members, friends and family members who have helped me directly or
indirectly in the completion of the project.
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PREFACE
Many students may have done work on this project in different ways. I have also tried to work on this
project in different ways.
It was for the first time I got the opportunity to work in such a prestigious and well known
organization and things which I have experienced in my training time are going to help me throughout
my lifetime. I have worked on this project with great enthusiasm and zeal. I have tried to cover
almost all the things which I have experienced and learned from company management.
No doubt at present the working atmosphere is fine but it needs some alteration keeping in mind this
view; I have suggested some improvements/ suggestions.
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Table of Contents
SUMMARY.............................................................................................................................................................7
Chapter -1: Introduction of the Innovative Product or Services............................................................................8
Statement of problem.......................................................................................................................................8
INTRODUCTION.................................................................................................................................................9
SCOPE OF INNOVATION...................................................................................................................................11
Chapter 2: Importance and relevance of innovative idea for product or services.................................................12
OBJECTIVE OF THE INNOVATION.....................................................................................................................12
USP – UNIQUE SELLING POINT.........................................................................................................................15
......................................................................................................................................................................... 15
UNIQUE SELLING PROPOSITION OF SOLAR IRON CART................................................................16
TARGET AUDIENCE..........................................................................................................................................17
Chapter 3: Feasibility Analysis:...........................................................................................................................18
TECHNICAL FEASIBILITY...................................................................................................................................18
COMMERCIAL FEASIBILITY...............................................................................................................................22
FINANCIAL FEASIBILITY....................................................................................................................................24
Costing Of the Product require:..........................................................................................................25
MANARERIAL FEASIBILITY................................................................................................................................26
SOCIAL FEASIBILITY..........................................................................................................................................27
Chapter 4: SWORT Analysis..............................................................................................................................31
SWOT Analysis of Solar Iron Cart.....................................................................................................................31
Result and discussion.......................................................................................................................................32
Conclusion...........................................................................................................................................................33
REFERENCE..........................................................................................................................................................34
ANNEXURE.......................................................................................................................................................35
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Table of Figures
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SUMMARY
Generally speaking, a solar iron cart is a lightweight, eco-friendly ironing option that uses solar
energy. These carts have solar panels on them that collect sunshine and turn it into electricity for the
ironing process. These carts are less dependent on conventional energy sources since they run on solar
power.
The idea of the solar iron cart is in line with the larger movement to incorporate renewable energy into
commonplace items in order to encourage environmentally good behavior. It provides a workable
answer for places with poor access to energy or a sustainable substitute in locations where traditional
power sources might not be dependable.
The lightweight and portable designs, effective solar panels, and energy storage systems to guarantee
usage are some of the key characteristics of solar iron carts.
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Chapter -1: Introduction of the Innovative Product or Services.
Statement of problem
Traditional electric irons, while widely used for their convenience, are not without their share of
problems. One notable issue is the potential for electrical hazards. These irons are connected to the
power supply, and any fraying or damage to the cord can lead to electrical shocks or short circuits,
posing a serious safety risk to users.
Another common problem is the lack of temperature control in some older models. Traditional irons
may not have adjustable temperature settings, making it challenging to iron different types of fabrics
that require specific heat levels. This limitation can result in scorched or damaged clothing,
diminishing the iron's overall effectiveness.
Furthermore, the design of traditional electric irons often includes a soleplate with hotspots, causing
uneven heat distribution. This can result in uneven pressing and wrinkled clothes, requiring users to
spend more time and effort to achieve a satisfactory result.
In addition, the manual nature of these irons can be tiring for users, especially when dealing with large
loads of laundry. The constant need to refill water for steam generation, coupled with the weight of the
iron itself, can lead to fatigue and discomfort during prolonged ironing sessions.
Maintenance is another issue, as mineral deposits from tap water can accumulate in the steam vents
over time. This build-up can affect the iron's performance, leading to reduced steam output and
potential staining of clothes. Regular cleaning is necessary to prevent these issues, adding an extra
chore to the user's routine.
Lastly, the environmental impact of traditional electric irons cannot be overlooked. They consume a
significant amount of electricity, contributing to overall energy consumption. With the increasing
focus on sustainability, there is a growing need for more energy-efficient and eco-friendly alternatives
to address these concerns.
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INTRODUCTION
Solar is very good source of energy. By using solar panels we can save electricity. It is used for many
purposes just to save energy. Solar panels are those devices which are used to absorb the sun's rays and
convert them into electricity or heat, basically it is a good source of energy saving.
In the pursuit of sustainable and eco-friendly solutions, innovations in renewable energy have given
rise to novel concepts that blend functionality with environmental consciousness. One such promising
innovation is the "Solar Iron Cart," a revolutionary approach to combining traditional ironing practices
with solar energy technology. This unique and forward-thinking device is poised to transform the way
we approach mundane household tasks, providing a glimpse into a greener and more energy-efficient
future.
As the world grapples with the challenges of climate change and the depletion of finite resources, the
integration of solar power into everyday appliances takes center stage. The Solar Iron Cart stands as a
testament to human ingenuity, addressing both the need for efficient ironing and a reduced carbon
footprint. This introduction aims to explore the key features, benefits, and implications of the Solar
Iron Cart, shedding light on its potential to redefine the landscape of domestic chores while
contributing to global sustainability efforts.
The solar iron cart represents a revolutionary fusion of traditional craftsmanship and modern
sustainable technology. Designed to harness solar energy, this innovative cart aims to redefine the way
ironing is done, providing an eco-friendly alternative to conventional methods. As we delve into the
intricacies of this solar-powered appliance, we uncover a blend of efficiency, environmental
consciousness, and convenience that marks a significant step towards greener and more energy-
efficient household practices.
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Figure 1 Solar iron car
A solar iron cart is an innovative and sustainable solution for ironing clothes, particularly in areas with
limited access to electricity or those seeking environmentally friendly alternatives. It is a mobile cart
equipped with solar panels that convert sunlight into electricity, which is then used to power a steam
iron. This ingenious invention eliminates the need for traditional ironing methods that rely on charcoal
or electricity, thereby reducing environmental pollution and greenhouse gas emissions.
I chose the topic of a solar iron cart as it represent innovative and sustainable solution, harnessing solar
energy to power a common household appliance, thus contributing to both environmental conservation
and the promotion of clean energy technologies.
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SCOPE OF INNOVATION
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Chapter 2: Importance and relevance of innovative idea for product or services.
1. Introduction
India uses the solar power more than other renewable resources and India has high solar ionization.
Solar energy is a renewable energy source, maintenance cost is low, diverse applications, and
electricity bill gets reduced through its usage and it also helps in technology development. Solar
energy has various residential applications which include solar heating for swimming pool, solar
powered ventilation fans, solar house heating, solar water heater, charging batteries through solar
power, solar powered pumps and so on. Adoption of renewable solar energy has various environmental
advantages also. It reduces pollution, It is clean source, reduces the usage of water, helps to fight the
climate change, reduces non-renewable energy dependence and improves health of humans in long-
term.
2. Objectives of study
To assess the solar devices used by the households.
To examine the most popular device among the household.
To examine the most popular device among the household.
To design the solar powered device and evaluate its performance.
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4. Methodology
1) Household survey
The first phase focused on gathering data from households using at least one solar device.
Information collected included details about the types of solar devices used, the purposes for
which they were used, perceptions regarding the contribution of solar devices to environmental
improvement, ease of operation, problems encountered during operation, and preferences for
innovative solar devices. Population details were obtained from the Tamil Nadu Energy
Development Agency (TEDA). The survey was conducted through telephone or in-person,
interviews depending on convenience for both the investigator and respondent.
The purpose of the research was explained, and in-person interviews provided the opportunity
for the investigator to observe the solar gadgets owned by respondents
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Figure 2 Prototype of solar iron cart
The design phase focuses on incorporating these solar components seamlessly into the cart's structure,
considering factors like weight distribution, durability, and user ergonomics. Attention is also given to
the development of a robust charging and energy management system to optimize energy utilization
and ensure a reliable power supply during varying environmental conditions. Testing and validation of
the solar iron cart follow, involving performance evaluations under different lighting conditions and
usage scenarios. Continuous refinement and optimization may be necessary based on the feedback
obtained during testing. Additionally, considerations for the environmental impact and end-of-life
disposal of the components are integrated into the overall methodology, ensuring a holistic and
sustainable approach to the development of the solar iron cart.
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USP – UNIQUE SELLING POINT
Figure 3 USP
A Unique Selling Proposition (USP) is a marketing concept that identifies the distinctive qualities of a
product, service, or brand that set it apart from competitors. It is a crucial element in marketing
strategy, helping businesses differentiate themselves and communicate the specific benefits that make
their offerings more appealing to target customers. A USP answers the question "Why should
customers choose your product or service over others in the market?" It highlights what makes a
product or service special, unique, or superior, and aims to create a compelling reason for customers to
make a purchase decision. A well-crafted USP should be clear, concise, and focus on the most
significant and persuasive aspects of a product or service, effectively communicating its advantages in
advertising and promotional materials.
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UNIQUE SELLING PROPOSITION OF SOLAR IRON CART
1. Solar Efficiency-
Provides uninterrupted ironing, contributing to a sustainable, eco-friendly lifestyle.
2. Green Ironing-
Redefining green ironing, reducing carbon footprint and promoting sustainability.
3. Portability Meets Power-
Allows users to iron anywhere under the sun, eliminating cords and outlets.
4. Safety Assured-
Advanced features like overheat protection and secure locking mechanisms ensure worry-free
ironing
5. Cost saving-
Showcase potential cost savings for users by utilizing free solar energy, reducing electricity
bills, and offering a long-term, economical solution.
6. Versatile Style –
If the Solar Iron Cart has additional features or functionalities, such as adjustable heat settings,
safety features, or compatibility with different power sources, highlight these aspects to
enhance its versatility.
7. Off-Grid Operation-
Promote the ability of the Solar Iron Cart to operate in off-grid or remote areas, making it
suitable for outdoor events, markets, or emergency situations where access to electricity is
limited
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TARGET AUDIENCE
• Frequent Travelers and Campers: Individuals who frequently travel or enjoy camping.
• Tech-Savvy Consumers: Those who appreciate innovative technology and solar power
integration.
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Chapter 3: Feasibility Analysis:
TECHNICAL FEASIBILITY
A solar-powered iron cart was developed for household use with a battery backup. Experts were
consulted for creating the solar-powered iron cart, and the materials required for its construction
are outlined below:
• Chassis and Frame: Made from Steel, Aluminum alloy, or Lightweight Composite
Materials.
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• Solar Panels: Made from Monocrystalline or Polycrystalline Silicon, Tempered Glass,
Aluminum.
• Ironing Unit: Made from Heat-Resistant Plastic Housing, Ceramic or Metal Heating
Element, Thermostat, Temperature Control Knob.
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• Electronic Components: Made from Printed Circuit Boards, Copper Wiring, Sensors,
Microcontrollers.
• User Interface: Made from Plastic or Glass Display Panel, Control Buttons or Touchscreen.
Safety Features: Made from Thermal Fuses, Flame-Retardant Materials, Reinforced Plastic or
Metal.
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• Docking Station for Accessories: Made from Plastic or Metal Housing for Attachment Points,
USB Ports.
The solar-powered iron cart is connected to solar panels, generating DC electricity when sunlight
falls on them. This electricity charges the in-built battery, which, when filled, powers connected
electrical loads such as DC fan, light, TV, and phone charging. This design enhances energy
consumption efficiency.
COMMERCIAL FEASIBILITY
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The commercial feasibility of a solar iron cart is contingent on various factors that need to be
carefully considered. Below are key aspects to assess:
1. Market Demand:
Investigate the market demand for sustainable and innovative household appliances.
Consumer interest in eco-friendly products and energy-efficient solutions can
significantly impact the success of a solar iron cart.
2. Competitive Landscape:
Analyze existing competitors in the market. Identify their strengths, weaknesses, and
market share. Differentiate your product by emphasizing unique features, design, or
pricing.
3. Cost of Production:
Assess the cost of manufacturing the solar iron cart, considering materials, technology,
and labor. Strive for a balance between product quality and affordability to appeal to a
broad consumer base.
4. Price Point:
Determine a competitive and attractive price point for the solar iron cart. Consider the
perceived value of the product, its unique features, and how it compares to traditional
electric irons in terms of cost.
5. Technological Reliability:
Ensure the solar technology and other features integrated into the iron cart are reliable
and durable. Consumers are more likely to invest in a product that delivers consistent
performance and longevity.
6. Consumer Education:
Plan for a robust marketing strategy to educate consumers about the benefits of a solar
iron cart. Emphasize energy savings, environmental impact, and the convenience of a
portable and eco-friendly ironing solution.
7. Distribution channels:
Explore effective distribution channels, considering both online and offline retail
options. Collaborate with established retailers or consider direct-to-consumer models
based on the target market.
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Offer a competitive warranty and robust customer support. Providing excellent after-
sales service can enhance customer satisfaction and loyalty.
9. Scalability and Innovation:
Evaluate the scalability of production to meet potential increases in demand.
Additionally, plan for ongoing innovation to stay ahead of market trends and maintain a
competitive edge.
10. Regulatory Channels:
Verify that the solar iron cart complies with relevant safety and environmental
standards. Compliance with regulations will enhance consumer trust and facilitate
market entry.
11. Government Incentives:
Investigate potential government incentives or subsidies for the production and
purchase of solar-powered appliances. This can positively impact consumer
affordability and drive demand.
By thoroughly assessing these factors, you can gauge the commercial feasibility of a solar iron cart
and position it effectively in the market. Continuous market research, adaptation to consumer
preferences, and a commitment to sustainability will be key to long-term success.
FINANCIAL FEASIBILITY
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The financial feasibility of introducing a solar iron cart into the market is crucial, requiring a thorough
analysis of various factors. Key considerations include the cost structure and production economics,
pricing strategy, market size and penetration, revenue streams, break-even analysis, operating
expenses, return on investment (ROI), financing options, risks and mitigation strategies, and
sustainability of demand.
The initial investment in research, development, and manufacturing must be carefully weighed against
the projected return on investment, considering materials, technology, and labor costs. Establishing a
competitive yet profitable price point should reflect the value proposition of the solar iron cart,
considering its innovative features, sustainability benefits, and potential cost savings for consumers in
the long run.
A thorough market analysis will provide insights into demand, allowing for realistic revenue
projections. Multiple revenue streams beyond the initial sale, such as accessories, extended warranties,
or subscription-based services, can contribute to sustained financial success. A break-even analysis
will help establish a timeframe for when the solar iron cart is expected to become profitable.
Operating expenses, including marketing, distribution, customer support, and maintenance, must be
considered for effective cost management. Return on Investment (ROI) should be assessed over a
defined period, considering both short-term and long-term returns, market growth, technological
advancements, and consumer preferences. Financing options, such as partnerships, investor funding, or
government grants, should be explored to ensure adequate funding for scaling production and
operations.
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Costing Of the Product require:
Electronic 3000
Components
Solar plate 5000
Basically the financial of Solar Iron Cart is too high, Which are discussed as below:
Wholesale Price-Rs.35000(approx.)
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MANARERIAL FEASIBILITY
The managerial feasibility of introducing a solar iron cart into the market requires a thorough
evaluation of all aspects involved in its development, implementation, and ongoing operations. This
includes strong leadership, skill requirements, cross-functional collaboration, supply chain
management, project timelines and milestones, risk management, regulatory compliance, marketing
and branding strategy, financial management, continuous improvement, and training and development.
Leadership is crucial for guiding the project through various stages, from concept to market. An
experienced and dynamic management team is essential for making informed decisions, addressing
challenges, and capitalizing on opportunities. Skill requirements must be assessed, ensuring the team
has the necessary expertise in solar technology, product design, and market strategy.
Regulatory compliance is vital, ensuring the managerial team is well-versed in relevant regulations and
capable of maintaining compliance. A comprehensive marketing and branding strategy should
highlight the unique features of the solar iron cart, emphasizing its eco-friendly nature, technological
advancements, and consumer benefits.
Financial management is crucial, securing funding for research, development, and initial production.
Fostering a culture of continuous improvement and investing in employee training and development
programs is essential for a skilled and motivated workforce. By addressing these managerial aspects,
the project can navigate challenges and capitalize on opportunities, ensuring successful market entry
and sustainable growth.
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SOCIAL FEASIBILITY
The Solar Iron Cart is a revolutionary appliance that not only transforms household chores but also
contributes to broader societal goals related to sustainability, energy conservation, and lifestyle
convenience. It harnesses solar power, reducing reliance on conventional electricity sources, aligning
with the growing global movement towards eco-friendly living. The Solar Iron Cart empowers users
by providing an energy-independent ironing solution, offering an accessible and sustainable alternative
for households struggling with conventional power sources.
The product's portability and solar-charging capabilities cater to modern, on-the-go lifestyles, catering
to busy individuals and families. It also requires education and awareness about the benefits of solar
energy and sustainable living, contributing to broader social initiatives focused on environmental
education and awareness.
Technological inclusivity is another key aspect of the Solar Iron Cart, as it can be embraced by a wide
range of users, regardless of technological expertise or geographic location. The adoption of solar-
powered appliances can contribute to economic empowerment by reducing energy costs for
households, freeing up resources for other essential needs.
The Solar Iron Cart is intrinsically linked to consumer preferences, as the increasing demand for
sustainable products suggests a societal shift towards mindful consumption. As a symbol of sustainable
innovation, the Solar Iron Cart positions itself in alignment with these changing consumer values.
Community adoption is also crucial for the success of the Solar Iron Cart. Community initiatives,
educational programs, and collaborative efforts can foster widespread acceptance and integration of
solar-powered appliances in daily life. In conclusion, the Solar Iron Cart represents a conscious choice
towards sustainability, energy independence, and technological inclusivity, contributing to a future
where innovation aligns with society's evolving needs and values.
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For social feasibility or acceptability, I created Google form and asked various people
regarding my startup.
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Chapter 4: SWORT Analysis
Strengths:
• Energy Independence: Offers unique selling point in regions with unreliable electricity supply.
Weaknesses:
Opportunities:
• Rising Demand for Sustainable Solutions: Capitalize on consumer preference for sustainable
products.
Threats:
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Result and discussion
Research findings indicated that 70.5% of households preferred solar home lighting, with
48.5% using solar water heaters. While popular, solar devices presented challenges, with 57.9%
of households citing dependency on sunlight, 50.3% mentioning time-consuming operation,
and 38.6% highlighting the perceived high cost. Addressing these concerns in future solar-
powered devices could further enhance their adoption and effectiveness in households
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Conclusion
Key considerations during the design phase included estimating the cost of developing the
solar-powered iron cart, as well as focusing on aspects such as weight, size, ease of handling,
storage, performance, and operational efficiency. The product's evaluation involved practical
testing with the participation of experienced homemakers and ironworkers. A comparison was
made by instructing participants to iron a fixed number of clothes using both the common
electrical iron and the newly designed solar-powered iron cart. Participants then used a
prepared scorecard to evaluate the product based on ease of operation and overall performance.
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REFERENCES
SATHISH, K., ARCHANA, B., KIRAN, K. R., NAVEENDHAR, C., & AKSHAYA,
D. PORTABLE SOLAR IRON BOX.
MR, T. (2021). Designing and Evaluating the Performance Solar Powered Iron
Box. International Research Journal on Advanced Science Hub, 3(1), 1-4.
STUDIES, MARKET ASSESSMENT. "Solar Water Heaters in India: Market
Assessment Studies and Surveys for Different Sectors and Demand Segments." (2010).
Mavuri, Sudha. "The impact of education and income on awareness creation and buying
decision in the case of solar products in Visakhapatnam, India." The World Journal of
Social Sciences 1.1 (2011): 49-68.
Karthick, U., Venkatajalapathi, T., VimalKodeeswaran, A., & Kumar, P. A. RSP
SCIENCE HUB.
Fitzpatrick, A. P. "BRITISH IRON AGE ‘HORN CAPS’: PUTTING THE CART
BEFORE THE HORSE?." Oxford Journal of Archaeology 41.2 (2022): 208-228.
Schubert, M. B., & Werner, J. H. (2006). Flexible solar cells for clothing. Materials
today, 9(6), 42-50.
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ANNEXURE
1. Name-
2. Age Group
18-20
25-34
35-44
45-54
55 and above
3. Gender?
Male
Female
4. Occupation?
Student
Employed
Unemployed
Self-employed
5. Were you aware of the concept of a solar-powered iron cart before taking this survey?
Yes
No
Maybe
8. Would you consider using a solar-powered iron cart as an alternative to traditional electric
irons?
Definitely Yes
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Not sure
Definitely not
9. What do you think might be the main challenges or obstacles in the widespread adoption of
solar-powered iron carts?
Yes
No
Dependent on other factor
10. On a scale of 1 to 10, how likely are you to consider purchasing a solar-powered iron cart in the
future?
1
2
3
4
5
6
7
8
9
10
11. Any additional comments or thoughts on the concept of a solar iron cart?
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