As a team, develop a product which is not existing in the country ( it can be either tangible product or new service ) and

As a team, develop a product which is not existing in the country $($it can be either tangible product or new service$)$ and determine the pricing strategy for short$-$term and long$-$term and distribution channels. The profuct that we choose is smart home energy management system. The writing assignment should include the followings:Describe the product $($what is it and how it works$)(\mathrm{40}\%)$Determine the market and discuss why this market is chosen $(\mathrm{20}\%)$Define the ethnocentric, polycentric, and global pricing strategies $(\mathrm{10}\%)$Recommend the short$-$term and long$-$term pricing strategies for the product $(\mathrm{20}\%)$Recommend the distribution channels $(\mathrm{10}\%)$The paper should be $5$ to $6$ pages in length $($excluding title, appendix, and reference pages$).$ This writing assignment should be completed in the standard APA format. Upload the assignment to the proper assignment folder.