Examlex
Which of the following is true of the poorest countries of the world?
Product Launch
The introduction of a new product to the market, involving activities designed to promote and sell the product.
Product Development
The process of creating or improving a product or service to meet market demands or take advantage of new opportunities.
Test Marketing
A strategy that involves launching a product in a limited market to gauge consumer response before a wider release.
Planned Obsolescence
A practice in which companies frequently come out with new models of a product that make existing models obsolete.
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