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Multiple Choice Question Answer | Introducing A New Product Into The Market Is Called _____.

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The correct answer of this mcq is D) "C ommercialization" , as Commercialization is a process of bringing new products or services or ideas into the market to gain profits or financial return. During New Product-Development Process, commercialization requires co-ordination of different departments such as production, distribution, marketing, sales, human resource management, customer care representative service, etc., to achieve a commercial success. Commercialization is considered to be the final phase of new product-development process. Proper commercialization plan should be prepared before the product is ready to launch. Company needs to test the product before releasing into the market. Check the strategic and tactical strategies so that the short-term and long-term plans will come through i.e., product will satisfy customers needs and create superior customer value, product is acceptable by the audience and it is beneficial for the society. Advantages of Commercializati...
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SWOT Analysis Is Part Of Which Of The Following?

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(MCQ | True & False) A Company Launching A New Product Must First Decide ________.

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