Describe the seven different approaches that firms can take to create or develop new services?
Describe the seven different approaches that firms can take to create or develop new services?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Describe the seven different approaches that firms can take to create or develop new services?
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Step 1
Product development, which is also called new product management is a set of steps that includes coming up with ideas, designing, making, and marketing new or rebranded products or services. Product development is the whole process of making a product, from the first idea to after it hits the market.
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