1. Choose a new product that you want to bring to market. Provide a short description of the product. The product can be a good or service. a. Note that this new product does not have to be new to the world. Rather, it can simply be new to the company in which you are working for the purposes of this assignment. b. Examples of new products include, but are not limited to, the following: a new smartphone, a new computer, a new car, a new toothbrush, new mouth wash, a new food service, a new soft drink, a new chocolate bar, new laundry detergent or a new streaming service. It can be one of these or a different one. 2. Select 3 of the 7 steps listed above for the new product development process. For each of the selected steps, give a brief description of the step and explain how it is relevant to the specific new product you selected. 3. Select one of the 4 common approaches to finding an approximate price level listed above. Then, identify and describe one of its pricing strategies. Why do you think that this approach to pricing will be successful?

The assignment should have a short introduction and conclusion.