Answer to Question #298298 in Management for Mark

Question

choose a business sector of your choice and design a unique product or service clearly outlining it's features or attributes, how it works and how different it is from existing products or services in the chosen sector.

Answer 1

The products and services section of your business plan outlines your product or service, why it's needed by your market, and how it will compete with other businesses selling the same or similar products and services. Your product and services section should include:

• A description of the products or services you are offering or plan to offer
• How your products and services will be priced
• A comparison of the products or services your competitors offer in relation to yours
• Sales literature you plan to use, including information about your marketing materials and the role your website will play in your sales efforts
• A paragraph or so on how orders from your customers will be processed or fulfilled 
• Any needs you have in order to create or deliver your products, such as up-to-date computer equipment
• Any intellectual property, such as trademarks, or legal issues you need to address
• Future products or services you plan to offer