Question: Review the material in Chapter Seven on Developing and Managing Offerings. What are the seven steps in the offering development process? What are the key

Review the material in Chapter Seven on Developing and Managing Offerings.

What are the seven steps in the offering development process?

What are the key activities in each step?

How should a company evaluate new ideas? What are the criteria? Provide a real-life example

What strategies do firms pursue when their products enter the decline stage? Provide a real-life example

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