Question

State two elements that affect the creation of products.

Answer 1

The 8 key factors involved in new product development are Knowledge Management, Market Orientation, New Product Development Process, New Product Development Speed, New Product Development Strategies, New Product Development Teams, Technology and Top Management Support.

Answer 2

Factors affecting Sales of a Product

Internal Factors affecting sales of a product: 1) Company's product. 2) Marketing strategy of the company. 3) Marketing Personnel of the company. 4) Technology and Automation. ...

External Factors affecting sales of a product : 1) Consumers and institutional buyer expectations. 2) Economic Cycle. 3) Laws and regulations.