ENTREPRENEURIAL PLANNING
MARKETING PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In which of the following industries is new product development likely to be crucial for success?
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Hairdressing
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Consumers electronics
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Furniture making
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Shoes
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Explanation:
Detailed explanation-1: -Why Product Development is Important. Product development strategies are important to ensure value for your potential customers, as well as ensuring that there is demand and that your final products are of the highest possible quality before your take the products to market.
Detailed explanation-2: -The Stage-Gate model: Purportedly the most popular development process, the Stage-Gate model is an eight-step roadmap for successfully evaluating, building, and launching a product.
There is 1 question to complete.