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Identify/define and explain the significance of the following: United Nations Organization.
New-product Development
The complete process of bringing a new product to market, encompassing conception, design, manufacturing, and marketing.
Consideration Stage
Part of the customer journey where potential buyers evaluate a product or service before making a purchase decision.
Consumer Adoption
The process by which customers accept and purchase new products or innovations.
Competitive Advantage
An attribute that allows an organization to outperform its competitors, such as superior products, cost structures, or customer service.
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