Question

Product development process not involves which type of decision

Answer 1

The seven steps of BAH model are: new product strategy, idea generation, screening and evaluation, business analysis, development, testing, and commercialization.

Answer 2

Concept evaluation

Product development process not involves which type of decision

• The process of bringing a brand-new product concept to market is known as new product development. It can be roughly divided into six stages: ideation, research, planning, prototype, sourcing, and costing, however this can vary by industry.
• The four main types of new product developments include new to the company, bettering an existing product, extending the product line, and new to the market.
• The introduction of new items and are the two basic categories into which product development can be separated. enhancing current items.
• Here are a few typical instances of product development. packaging wheat flour for domestic usage in retail bags. packaging cooking oil for home usage in retail sachets. transforming landline phones into wireless devices to provide full-time communication and portability.
• The route from concept to market should be covered in a product development strategy, and as many stakeholders as possible should be involved in the process to ensure their wants and concerns are met. The market should also be involved to ensure the final product will have market value.

#SPJ2