Question: 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

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 writing assignment should include the followings:

  1. Describe the product (what is it and how it works) (40%)
  2. Determine the market and discuss why this market is chosen (20%)
  3. Define the ethnocentric, polycentric, and global pricing strategies (10%)
  4. Recommend the short-term and long-term pricing strategies for the product (20%)
  5. Recommend the distribution channels (10%)

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