How does a product idea differ from a product concept and a product image? Where do these concepts fit in the new product development process?
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4. How does a product idea differ from a product concept and a product image? Where do these concepts fit in the new product development process?
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- What is the benefits of product development?7) Why are customers often considered the most important sources of new-product ideas?Define and discuss the product life cycle and how this might affect our new product development plannin you explain a product’s life cycle? As you reflect on the cycle, select a product you personally use and explain how the life cycle affects the development of a new (revised) version of the product for a different market segment and why?