The new-product development process consists of detailed steps and number of steps are
Eight steps
The course of sales and profits of a product over its whole life is called
product life cycle
The new product development stage in which the concept is tested whether the idea has strong appeal is called
concept testing
Management of new product development strategy includes
all of above
Computer giant Dell has an idea storming website used to ask customers for improvement suggestions is an example of
crowdsourcing
“The concept of marketing mix was developed by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐.
N. H. Borden