Importance of product Quality Almost everyone would agree that the quality of a Product development is important, but not everyone has the same idea of what constitutes high quality. For example, some people consider a product high-quality if it’s luxurious or durable, whereas others may value efficiency or ease of use. Regardless of the definition,...
What is Product Development? New product development is described broadly as the transformation of a market opportunity into a product available for sale. The products developed by an organisation provide the means for it to generate income. For many technology-intensive firms their approach is based on exploiting technological innovation in a rapidly changing market....
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