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Product Development Is the Management of the Value Chain Activities

question 19

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Product development is the management of the value chain activities involved in bringing new or improved goods and services to the market.


Definitions:

Hourly Rate

The sum of money received for every hour worked.

Unit Price

The cost per single unit of an item or investment.

Percent Change

The measurement of the relative change of a quantity, expressed as a percentage, to denote increase or decrease from one period to another.

Share Price

The current price of a single share of a company's stock on the market.

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