Product development is the first move in the product life cycle, and while developing a product for online sales, you must think about and carefully assess product, market, and distribution features to put together your company plan. The new product development process refers to the steps that mold a product concept into commercial objects. You start with a concept and work your way up to technical specifications, product positioning, pricing strategy, service components, and financial indicators. These stages of the new product development process could be market-driven or idea-driven in the beginning, but they usually continue in ...Read more