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Which of the Following Helps in Creating Goodwill

question 61

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Which of the following helps in creating goodwill?


Definitions:

New-product Development Process

A series of steps that businesses follow to conceptualize, design, and bring a new product to the market, from initial ideation to commercialization.

Open Innovation

The practice of sourcing ideas, insights, and solutions from outside an organization to drive innovation.

Market Testing

The process of assessing the viability of a new product or service through controlled experiments with target markets before a full-scale launch.

Commercialization

The process of bringing new products or services to the market.

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