Explanation of how the new product or service will be priced should appear in the "development,production,and location" section of the business plan.

Question

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The pricing strategy for a new product or service typically appears in the "marketing plan" section of a business plan, where it is discussed alongside other aspects of marketing such as promotion, distribution, and target market analysis. The "development, production, and location" section usually focuses on how the product or service will be created, the technical and logistical aspects of production, and where the business will operate.

Explanation of How the New Product or Service Will Be