In Which Stage of Product Development Does Market Research Have

question 209

Short Answer

In which stage of product development does market research have a major role?
Prototype development
Commercialization
Business analysis
Product testing
Concept testing

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Definitions:

Product Design

The process of creating a new product to be sold by a business to its customers, focusing on functionalities, aesthetics, and usability.

Divisional Structures

Organizational frameworks that group together departments based on similar products, services, markets, or geographic locations.

Functional Design

The aspect of design focused on the practical, functional aspects of a product or system, ensuring it meets the user's needs.

Product Design

The process of creating and developing a new product to be offered to customers, focusing on its features, functionality, appearance, and usability.