New product development

[Vishnu varadhan]

<p style=”text-align: left;”>It is a more limited term but includes the technical activities of product research,engineering and design.Product planning is usually describing as “merchandising” and it covers both the existing and potential products.</p>
<p style=”text-align: left;”>Statement formation:</p>
<p style=”text-align: left;”>The first stage of the new products evolution begins with an idea for the product.</p>

[Manikandan]

New product development (NPD) is the complete process or bringing a new product to the market.

It is described in the literature as the transformation of a market oppurtunity into a product available for sale and it can be tangible or intangible

[Shalini.s]

NDP is where an organisation involved in creating new products by identifying certain criteria of market as well business strategy.

[vaishali]

The organisation would develop a new produce and tgat would be sold to tge hands of consumer , this is process of innovating and creating a similar relatd product or completely new product by tge organisation in motive to have profit in it

[nishat Parveen]

There are different stages in new product development which include concept development n screening,idea generation n testing,synthesis testing,product development n implementation

[Author]

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