Mini$-$Sim $-$ Product Development Reflection QuestionDue Sunday by $11$:$59$pm Points $5$ Submitting an external toolect$13$After completing the Product Development Mini$-$Sim, please answer the following question:When designing your product, you saw that adding features increases the desirability of the product to your target market, but it also increases the production cost. This means your profits will decrease. Using a specific example from your simulation, discuss how you strategically balanced giving your target market what they wanted, while also making a good profit? In other words, talk about specific decision$-$making you made regarding the costs of adding $($or deleting$)$ desired features and characteristics, and the choices you made in your pricing strategy.