I’m trying to learn for my Entrepreneurship class and I’m stuck. Can you help?450+ wordsThe Product or Service/Pricing StrategyThis section describes the unique features and benefits of your product or service. Wesuggest that the following information be included: If you already have a business, include a brief history of your company. Note: if a
startup company, this section does not apply. A description of your product or service in terms of:
⎔ Features or characteristics (what does the product/service offer?). Includeitems in the appendix such as menu, brochure, price list.⎔ Benefits (i.e., what market needs is your product or service satisfying? whatbusiness are you in?)⎔ Price (include price list) and pricing strategy (such as penetration/skimming,prestige/premium, at, above or below-market level, cost-plus fee orpercentage). Also include a rationale for your pricing strategy.⎔ What makes your product or service unique (competitive advantage /differentiation strategy )⎔ A brief statement about how customers will access your product or service(i.e., retail, direct sales, internet, mail order, etc.). This will be elaborated onfurther in the operations section. Note: it is NOT your promotion strategy Include stage of development and proprietary position if relevant. Only pertinent
if you are inventing a product and are in the process of developing it andbringing it to market. If relevant, do include any proprietary information such aspatents, copyrights, trademarks or registering your name.
Requirements: 450+words