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New Good or Service Business Proposal
Select a new good or service for an existing business or a business that you want to develop.
Write an business proposal for your chosen good or service.
Include rationale for the following questions:
Include assumptions about the elasticity of demand and the market structure for the good or service.
What are your pricing strategies?
What are your non-pricing strategies?
How can you create or increase barriers to entry?
How will you increase product differentiation?
Discuss other ways to minimize costs for the product?
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