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The seven steps of the Product Development Process typically include: 1) Idea Generation, where concepts are brainstormed; 2) Idea Screening, which evaluates the feasibility and potential of ideas; 3) Concept Development and Testing, where ideas are developed into tangible concepts and tested with target audiences; 4) Business Analysis, assessing the market potential and profitability; 5) Product Development, creating a prototype or final product; 6) Market Testing, introducing the product to a limited audience to gather feedback; and 7) Commercialization, launching the product to the broader market. Each step ensures that the product aligns with market needs and business goals.

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3w ago

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