New Product Development Process

New Product Development Process

Published by: Nuru

Published date: 21 Mar 2022

New Product Development Process in Principles of Marketing - reference notes

New Product Development Process:

A new product development process usually calls for the following six steps:

  • Generation of New product ideas
  • Screening and evaluation of product ideas
  • Business analysis
  • Product development
  • Test Marketing
  • Commercialization