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.
Np
it is an embryo
Ready made clothes
Don't Do Endgenuity Because its hard and useless
Iron Ore and Coal
nbj
Your mama is the new product
When a new product is introduced, the manufacturer usually likes to cut-in the new product into the existing planogram via a Revision.
what is meant by product led and market led new product developmrnt approaches?
New, when the product is new access is least important unless you need to install or upgrade your product.
new-product-planning marketer conceptualizes, researches, and evaluates new ideas. During the evaluation process, the new-product-planning marketer considers both the feasibility of the production of the product and the product's potential profitability.
PROCESS PATENT: It is granted for a new process of manufacturing an already known product or for manufacturing a new product, or for manufacturing more articles of the same product that is reducing the cost of the already known product. PRODUCT PATENT: It is granted when a new product has been invented by the person. The product so invented may either be e more or less useful product than an already known product , or a new product altogether.