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In his open letter to Philip II of Macedon, Isocrates
Business Analysis
The practice of identifying business needs and determining solutions to business problems.
Product Development
The process of bringing a new product from concept to market, involving idea generation, design, development, and commercialization stages.
Demand
The desire or need for goods and services by consumers at a given price point and time.
Concept Test
A procedure in which marketing professionals ask consumers for their reactions to verbal descriptions and rough visual models of a potential product.
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