Question

Identify the stages in the process of product development. Write the answer on the space provided before each number.

1. In this stage, people use survey forms, interviews, researches, focus group discussions, and observations to identify customer’s needs and wants.

2. During this stage, the product/service specifications are refined based on input from the foregoing activities.

3. The final stage of the concept development, wherein you must prepare a detailed development plan that includes list of activities, necessary resources and expenses and development schedule with milestones for tracking progress.

4. The reviewing and estimating the economic implications regarding development expenses, manufacturing costs, and selling price of the product/service to be offered/provided.

5.It is imperative to analyze existing competitive products to provide important information in establishing products/services specifications.

Answer 1

Answer:

4 one is the answer ok a question is the same

Answer 2

Answer:

Explanation:

Five phases guide the new product development process for small businesses: idea generation, screening, concept development, product development and, finally, commercialization.