I require a 1500 word business plan outline based on the following:
Suppose that you have developed a new processed food product and you have to launch it in the near future. Discuss
how you would price this product during the initial launch. Also discuss your long-run plan for pricing the product.
That is, discuss whether you will need to make price adjustments over time and if so, what factors/data will influence your price adjustments.
Your goal is to convince the reader that you have a pricing plan that is founded on good business
principles and a good understanding of economics. The reader should ultimately be convinced that your plan will lead to a high
probability of success of your product. In writing your essay, you can make assumptions if you would like (e.g. is your product heavily
branded or a generic commodity? Are you a large company or a small company? etc etc ) , but make sure your assumptions are clear
and your conclusions follow logically from your assumptions.