Contemporary Marketing
Contemporary Marketing
18th Edition
ISBN: 9780357033777
Author: Louis E. Boone, David L. Kurtz
Publisher: Cengage Learning
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Chapter 12.2, Problem 1LO
Summary Introduction

To discuss : The 6 steps in the process of product development.

A product life cycle defines the progress of a new product over a period of time. This concept includes 4 stages known as introduction, growth, maturity and decline.

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Explain the steps in the new-product development process. Identify which step you think is most important and defend your position.
Discuss why each step of the new product development process is important.
define the steps in the new product development process and the major considerations in managing this process?
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