Question: In the idea generation phase of the product development process, what is the primary advantage of using external sources such as customer feedback and competitive
In the idea generation phase of the product development process, what is the primary advantage of using external sources such as
customer feedback and competitive analysis?
Customer feedback mainly influences pricing strategies rather than product design.
Competitive analysis ensures that the product directly mimics top competitors, reducing risk.
External sources provide realworld insights that help identify market gaps and unmet needs, increasing the likelihood of product success.
External sources reduce the need for internal R&D investments by outsourcing product innovation.
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