______ Is the Last Step in the New-Product Development Process

question 63

Short Answer

______ is the last step in the new-product development process in which the new product is manufactured, the marketing mix is finalized, and the product is introduced to the foreign market.

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Definitions:

Nonexcludable Good

A type of good for which it is difficult or impossible to exclude individuals from using, typically leading to free-rider problems.

National Defense

National defense encompasses the measures and strategies implemented by a country to protect its sovereignty, territory, and populations from external threats or military aggression.

Private Good

A product or service that is exclusively owned and consumed by the individual or entity that purchases it, characterized by rivalry and excludability in consumption.

Excludable

A good or service is considered excludable if it's possible to prevent non-paying consumers from accessing it.