BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Product Analysis
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Product Conceptualization
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Product Development
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Product Implementation
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Detailed explanation-1: -The new product development process framework involves bringing an original product idea to the market. Although the process differs from industry to industry, it can essentially be broken down into six stages: ideation, research, planning, prototyping, sourcing, and costing.
Detailed explanation-2: -New product development (NPD) is a process of taking a product or service from conception to market. The process sets out a series of stages that new products typically go through, beginning with ideation and concept generation, and ending with the product’s introduction to the market.
Detailed explanation-3: -ur answer is “product development". Explanation: New Product Development Process is a process of making a new product to be sold to the customers.
Detailed explanation-4: -New product development (NPD) is the process of bringing an original product idea to market.