Which of the following would be included in the description of the product or service section of the business plan?
A) The position of the product in the product life cycle
B) A summary of any patents, copyrights, or trademarks protecting the product or service
C) A description of the features and the benefits customers get by purchasing the company's products or services
D) All of the above

Question

Quizplus · Accepted Answer

All of the options listed would be appropriate to include in the description of the product or service section of a business plan. The position of the product in the product life cycle can help investors understand the stage of development and potential growth for the product. A summary of any patents, copyrights, or trademarks can demonstrate the uniqueness of the product and its competitive advantage. Finally, a description of the features and benefits of the product or service is crucial to convincing potential investors or customers to purchase it.

Which of the Following Would Be Included in the Description