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product development


Identification code: 300456613



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Scope note:

Series of steps that includes the conceptualization, design, development and marketing of newly created goods or services. This may concern tangible objects, but also a computer program or financial services. The goal from a business perspective is to cultivate, maintain, and increase a company's market share by meeting consumer demand. From the customer's point of view, the idea is to guarantee the quality of the product or service.

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