Answered: Name the 8 steps in the product…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

See similar textbooks

Related questions

Question

Name the 8 steps in the product development process.

Define at least 7 of the steps.

Expert Solution

Step 1

Product development process is a sequence which displays the entire steps when a new product is launched in the market.

A product is brought into the market to create demand and satisfy the needs of the consumers in the market.The product so developed is based the needs and wants of the consumers.

There are various promotional efforts taken to persuade consumers to buy the products developed ,after the customer has used the product,his feedback is taken to make further improvements in the product to increase customer loyalty.

Step by step

Solved in 2 steps

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.

Similar questions