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.