Question: what are the requirements for a new product development?
Answer: Step 1: Generating. ...  Step 2: Screening The Idea. ...  Step 3: Testing The Concept. ...  Step 4: Business Analytics. ...  Step 5: Beta / Marketability Tests. ...  Step 6: Technicalities + Product Development. ...  Step 7: Commercialize. ...  Step 8: Post Launch Review and Perfect Pricing.