Business Plan Project Workbook

Chapter 3: Product and Service Plan

Learning Objectives



Describe the product or service, including purpose, size, shape, colors, features, benefits, cost, functionality, design, quality, capabilities, technological basis and life-span, copyright and patent protections, and unique selling points.

Describe competing and similar technology.

Describe the need the product or service addresses in the marketplace and how it benefits the customer.

Explain how the products and/or services will be produced, the materials required, and the type of labor needed.

Discuss the history, current status, and future stages of product development.
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