A ___________Is a Tradition of Practices and Habits in a Given

question 24

Short Answer

A ___________is a tradition of practices and habits in a given situation.

---

Definitions:

New-product Strategy Development

The process of defining the role of a new product within the market, including target audience, goals, and tactics for launch and promotion.

Product Development

The complete process of bringing a new product to market, including idea generation, concept testing, design, engineering, manufacturing, and marketing.

Commercialization

The process of bringing a new product or service to the market, encompassing production, distribution, marketing, sales, and customer support.

Market Testing

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