ENTREPRENEURIAL MARKETING
MARKETING MIX
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
It is cheaper to develop a new products
|
|
|
The latest technology can be a feature of the new product
|
|
|
Customers will always prefer newly developed products
|
|
|
None of the above
|
Detailed explanation-1: -Advanced technologies like VR, augmented reality and 3D printing, are making new product development testing faster, cheaper and less risky. This will revolutionize how we approach product development and innovation, by making consumer insight more readily available for more projects.
Detailed explanation-2: -Product development–also called new product management–is a series of steps that includes the conceptualization, design, development and marketing of newly created or newly rebranded goods or services.
Detailed explanation-3: -Save Money. Innovation and Idea Generation. Strengthen and Formalize the Concept Development Process. Concept Testing. Marketing Strategy. 8 Best Practices for Your New Product Development Process.