Examlex
What are the basic steps of the normalization process?
Product Development Process
The sequence of steps from initial concept to market launch that a company follows to create and introduce a new product.
Prototype
An initial model or release of a product used to test a concept or process, serving as a real-world proof of concept before full-scale production.
Disintermediation
The removal of intermediaries in a supply chain, allowing producers to sell directly to consumers.
Channel Intermediaries
Entities that facilitate the distribution process by moving products from producers to consumers, including wholesalers, retailers, agents, and brokers.
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