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Explain the six-phase process of policy development and implementation.
New-product Strategy Development
A process involving market research, product development, and marketing strategies to launch a new product successfully.
Product Assessment
The evaluation process of a product's performance, features, and market potential to determine its viability and success in the market.
Disruptive Innovation
An innovation that significantly alters the market landscape by introducing simplicity, convenience, accessibility, or affordability where complexity and high cost are the status quo.
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