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Define the Cumulative Expenditure Curve with respect to New Product Development. After that for an example place any High Tech Product (Pharmaceutical) on one side
Define the Cumulative Expenditure Curve with respect to New Product Development. After that for an example place any High Tech Product (Pharmaceutical) on one side and Consumer Product on another side and then tell by seeing the curve of high tech product why they could have so much expense initially and less expense in the end while the initial expense of consumer product is low initially and tends to increase with time. Explain the graph with logical arguments.
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