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The former is an old process whilst the latter is a new one.

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The former is an old process whilst the latter is a new one.

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Technology affects new product development in positive ways. This is because as new technology emerges, more products are developed for use.

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The disadvantage of product development is that it can get costly because resources are required by the Research and Development department of the business; a lot of experiments and tests are also performed.

Secondly, product development involves a risk of whether the consumers will like the new features that have been developed/added to the new/existing product.

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what is meant by product led and market led new product developmrnt approaches?

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dno

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