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Definitions from the WebProduct DevelopmentDefinition: Product development refers to the process of creating, designing, and improving a product, from idea generation to market launch. ExamplesNoun - General Usage:The company invested heavily in product development to ensure their new smartphone would surpass customer expectations. Noun - Business Context:Product development is a critical stage in the overall business strategy, as it determines the success and profitability of a company. Verb - Action:The team collaborated closely to develop and refine the product design before beginning the manufacturing process. Adjective - Describing a Stage:During the product development phase, it is essential to conduct extensive market research to identify and meet customer needs. Related Products on Amazon: | ||||
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