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Companies must carry out strong new-product planning and set up a systematic, new-product development process. A.Define the concept of New product development. B.Why are new

Companies must carry out strong new-product planning and set up a systematic, new-product development process.

A.Define the concept of "New product development".

B.Why are new products important both to customers and marketers?

C.Select a company of your choice and discuss the eight major steps in its product development process.

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