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What is new product developent?

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Anonymous

14y ago
Updated: 8/19/2019

New product development is the activity of a business enterprise to prove that it is capable of creativity and that it is vibrant and robust. A new product development is resorted to when there is a slump / dullness in the turnover of the existing products. It is also resorted to achieve optimum utilization of the resources of the enterprises. Usually any new product is marketed in a particular area on trial basis and after the feedback, required modifications are done and delivered to market.

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14y ago

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