Product Development
- Production Management
Problems Involved in Product Elimination Process
The product elimination decision is also an important decision relating to the product line. It is not advisable to continue…
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Different Types of Tests in Marketing
Testing is an important stage in the process of a new product development. Before starting scale, it is imperative to…
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Objectives and Process of Test Marketing
Before starting commercial production of any product at a large scale, it is imperative to conduct test marketing of it.…
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8 Factors Responsible for New Product Failure
Before starting the production of the product at a commercial scale, test-marketing of the product should be made so that…
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The Science of New Product Development Process
The new product development process starts with a search for good ideas. Where do new product ideas come from? –…
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4 Main Advantages of Product Development
To keep pace with the changing circumstances, it is necessary for producer to develop the new product altogether or to…
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7 Key Considerations in Product Development
No firm can withstand the competition created by other rivals through its Primitive and static means, i.e., old fashioned goods.…
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3 Product Development Methods and Elements
Product research and development is very necessary owing to rapid changes in technology, cut-throat competition, changes in the habits and…
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Different Types of Standards in Performance Measurement
Fixing up standards for products requires careful planning. Standards are fixed taking into consideration the process involved, the nature of…
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Importance of Standardization in Business Organization
Standardization and grading are two important marketing functions which facilitate the sales of the products. The term ‘standardization’ applies to…
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