RESEARCH METHODOLOGY

Detailed explanation-1: -This is the final stage in the process where the new product will be launched, full scale, to the market. It is at this point that the highest costs are sustained (Callan, 2019).

Detailed explanation-2: -Commercialization The final stage of your new product development process is commercialization, where you introduce your products to market. This is the culmination of your brainstorming, research, iteration, where your audiences can finally make use of what you created.

Detailed explanation-3: -Although the product development process differs by industry, it can essentially be broken down into seven stages: ideation, research, planning, prototyping, sourcing, costing, and commercialization.

Detailed explanation-4: -Step 7: Launch Your product is now public and has started to sell in the market. You can now launch your products or sell directly, depending on your market size or manufacturing options. However, this stage involves a lot of work, as you need to decide the number of products to sell and the desired location of it.