Business Plan Project Workbook

Chapter 3: Product and Service Plan

Key Terms


features  The characteristics of a product
(See page(s) 25)
benefits  Desirable outcomes resulting from the use of a good or service.
(See page(s) 25)
tangible benefits  Benefits that are easily seen or recognizable
(See page(s) 25)
intangible benefits  Benefits that are not easily seen or recognizable
(See page(s) 25)
value proposition  What customers value or believe is important
(See page(s) 26)
subcontractor  A person or firm hired to perform a job function
(See page(s) 29)
Glencoe Online Learning CenterBusiness Administration HomeProduct InfoSite MapContact Us

The McGraw-Hill CompaniesGlencoe