Question: Doesn't have to be long, just answer questions! Can be any product of choice. Instructions New Product Development and Research Activity . Choose a product

Doesn't have to be long, just answer questions! Can be any product of choice.

Doesn't have to be long, just answer questions! Can be any product

Instructions New Product Development and Research Activity . Choose a product of interest and research how the product was launched to market . Describe what you learn for each of the 6 components of new product development as it relates to your product choice. Include 6 bullet points. o Where did the idea come from? o What type of concept testing took place? . Were there prototypes developed. How long was the product development process? What did it entail? o What type of market testing took place? o Describe the full-scale commercialization of the product. o What type of analysis was done regarding the product's performance after its initial launch? What modifications were made? . What steps would you take to improve or enhance your chosen product today? Apply each one of the 5 steps of the marketing research process to your product. o For Step 1, identify the area for growth. . For the remaining 4 steps, specify what you would do if you were actually conducting the research. Cite your sources

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Marketing Questions!