Difference between revisions of "Product Development"
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| − | Business Dictionary defines Product Development as "the creation of products with new or different characteristics that offer new or additional benefits to the customer." Product development may involve modification of an existing product or its presentation, or formulation of an entirely new product that satisfies a newly defined customer want or market niche.Defining Product Development [http://www.businessdictionary.com/definition/product-development.html Business Dictionary]</ref> | + | Business Dictionary defines Product Development as "the creation of products with new or different characteristics that offer new or additional benefits to the customer." Product development may involve modification of an existing product or its presentation, or formulation of an entirely new product that satisfies a newly defined customer want or market niche.<ref>Defining Product Development [http://www.businessdictionary.com/definition/product-development.html Business Dictionary]</ref> |
Revision as of 14:06, 17 October 2019
Business Dictionary defines Product Development as "the creation of products with new or different characteristics that offer new or additional benefits to the customer." Product development may involve modification of an existing product or its presentation, or formulation of an entirely new product that satisfies a newly defined customer want or market niche.[1]
- ↑ Defining Product Development Business Dictionary