Product Development

The first step in the product development process is idea generation. This involves brainstorming and gathering ideas for new products or product improvements.

The purpose of market research in product development is to gather information about consumer needs, preferences, and market trends in order to identify potential opportunities or gaps in the market.

Prototyping is important in the product development process as it allows for testing and refinement of the product design before mass production. It helps to identify any flaws or areas for improvement, reducing the risk of costly mistakes later on.

<p>The key steps involved in the product development process include ideation, market research, concept development, product design, prototyping, testing, manufacturing, and commercialization.</p> Signup and view all the answers

<p>Market research plays a crucial role in product development as it helps identify consumer needs, preferences, and market trends. It provides valuable insights that guide the decision-making process and ensures that the product meets customer expectations.</p> Signup and view all the answers

<p>Prototyping is vital in product development as it allows for testing and validation of design concepts, functionality, and user experience. It helps identify design flaws, improve product performance, and gather feedback for further iteration and improvement.</p> Signup and view all the answers