Asked by
Samuel Yankuba
on Oct 23, 2024Verified
The ___ step of the product development process involves the commercialization of a new product for sale to customers or clients.
A) final application
B) initial experimentation
C) feasibility determination
D) feasibility screening
E) idea creation
Product Development
The creation of new products or the improvement of existing products, including design, development, and marketing phases.
Commercialization
The process of bringing new products or technologies to the market, involving the development, production, marketing, and sale to end-users.
New Product
An item or service recently developed or introduced to the market, offering new value to consumers.
- Identify the procedure and significance of innovation in obtaining a competitive edge.
Verified Answer
BH
Learning Objectives
- Identify the procedure and significance of innovation in obtaining a competitive edge.